10 Oct
10Oct

Crypto exchange platform Bybit has been granted a full Virtual Asset Platform Operator license by the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This final approval follows an initial in-principle approval issued eight months prior.

The license permits Bybit to offer its complete suite of products and services across the UAE market.

Context of the Achievement:

  • Global Expansion: This milestone is part of Bybit's ongoing global expansion strategy, which recently included securing regulatory approvals in Austria and re-entering the Indian market.
  • UAE Regulatory Environment: The approval comes as UAE authorities are actively working to unify their regulatory framework, aiming to simplify the licensing process for cryptocurrency companies operating throughout the region.

This move solidifies the UAE's position as a major crypto hub and marks a significant operational achievement for Bybit.

October 2025, Cryptoniteuae

Comments
* The email will not be published on the website.