Bybit, the second-largest cryptocurrency exchange by trading volume in the world, has successfully obtained the first full crypto exchange operator license in the United Arab Emirates. The issuance of the Virtual Asset Platform Operator License by the Securities and Commodities Authority (SCA) marks a significant milestone for Bybit in its expansion efforts. This recognition positions Bybit as a pioneer in the region, showcasing its commitment to compliance and transparency in the fast-evolving crypto industry.

Bybit Secures UAE’s First Full Crypto License

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