{"id":32863,"date":"2024-09-16T13:46:53","date_gmt":"2024-09-16T10:46:53","guid":{"rendered":"https:\/\/entarabi.com\/?p=32863"},"modified":"2024-09-16T14:58:29","modified_gmt":"2024-09-16T11:58:29","slug":"dubai-virtual-assets-regulatory-authority-grants-bybit-temporary-virtual-asset-service-provider-license","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/09\/dubai-virtual-assets-regulatory-authority-grants-bybit-temporary-virtual-asset-service-provider-license\/","title":{"rendered":"Dubai Virtual Assets Regulatory Authority Grants Bybit Temporary Virtual Asset Service Provider License"},"content":{"rendered":"
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Bybit,specialized in cryptocurrency trading, has been granted a temporary (non-operational) Virtual Asset Service Provider (VASP) license by Dubai\u2019s Virtual Assets Regulatory Authority (VARA).<\/div>\n<\/div>\n
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This license is designated for VASP platform providers in Dubai, allowing them to serve individuals, qualified investors, and institutional users.<\/div>\n
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This strengthens the close ties between the platform and regulatory authorities in Dubai, where Bybit is headquartered.<\/div>\n
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This license marks a significant achievement for Bybit in its efforts to obtain full operational approval in Dubai, reaffirming its commitment to fully comply with the stringent standards set by VARA.<\/p>\n

The license was granted following a thorough evaluation process based on transparent and credible collaboration, reflecting VARA\u2019s dedication to establishing an innovative virtual asset ecosystem.<\/p>\n

Bybit established its global headquarters in Dubai in 2022 and recently renewed its partnership with the Dubai Multi Commodities Centre\u2019s (DMCC) Crypto Centre.<\/p>\n

The company has transitioned from being a key partner in the ecosystem to taking on an advisory role for the centre, solidifying its position as an active contributor to Dubai\u2019s thriving cryptocurrency and Web 3.0 landscape.<\/p>\n

Bybit has also announced its primary sponsorship of the \u201cBlockchain for Good\u201d alliance during the Blockchain Life Dubai Forum held in April.<\/p>\n

This long-term, non-profit initiative focuses on collaborating with a network of institutions, projects, and individuals dedicated to leveraging blockchain technology to address global environmental, social, and economic challenges.<\/p>\n

Additionally, Bybit is set to launch several projects, including a digital currency content creator hub for key thought leaders in the cryptocurrency space, expected to be unveiled in Dubai this November.<\/p>\n

Helen Lyu, Chief Operations Officer at Bybit, stated: “Dubai\u2019s strategic location, ambitious policies, and innovation-driven business environment offer tremendous opportunities for companies and investors in the digital currency sector.<\/p>\n

Dubai is the ideal place for the development of cryptocurrencies and for accelerating growth in this promising industry.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n

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Bybit,specialized in cryptocurrency trading, has been granted a temporary (non-operational) Virtual Asset Service Provider (VASP) license by Dubai\u2019s Virtual Assets Regulatory Authority (VARA). This license is designated for VASP platform providers in Dubai, allowing them to serve individuals, qualified investors, and institutional users. This strengthens the close ties between the platform and regulatory authorities in […]<\/p>\n","protected":false},"author":11,"featured_media":32867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[5776,5777],"class_list":["post-32863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-bybit","tag-vara-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/32863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=32863"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/32863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/32867"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=32863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=32863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=32863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}