Bybit gains a full VARA license for spot trading in Dubai, positioning the exchange for expanded operations in the UAE pending final regulatory compliance steps.
Bybit has achieved a significant regulatory milestone by securing the first full Virtual Asset Regulatory Authority (VARA) license for spot trading in Dubai. While this validates the exchange's compliance efforts, the article notes that the license is conditional, requiring the completion of further regulatory mandates before the service can officially launch.
No, while Bybit has received the license, it must complete additional regulatory requirements before it can officially launch these services.
Bybit has officially obtained a full Virtual Asset Service Provider license from Dubai's VARA, marking a significant regulatory milestone for the exchange. While the authorization permits spot trading services, the platform must finalize specific operational requirements before the official launch in the UAE.
The license authorizes Bybit to offer spot trading services to users in Dubai, provided they meet final regulatory requirements.