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Bybit receives conditional VARA approval for Virtual Asset Exchange services in Dubai
Bybit announced it has obtained Provisional (Non-Operational) Approval from Dubai's Virtual Assets Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license, enabling conditional provision of exchange services to retail, qualified, and institutional users as it pursues full operational approval.
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Bybit has announced that it has received Provisional (Non-Operational) Approval from Dubai's Virtual Assets Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license. This conditional license applies to Bybit’s Virtual Asset Exchange services, allowing for the provision of services to retail users, qualified investors, and institutional clients as the broker pursues full operational approval in Dubai. The announcement states that VARA is Dubai’s regulator for virtual assets outside the Dubai International Financial Centre (DIFC), and highlights Bybit’s stated commitment to maintaining regulatory compliance within the emirate’s digital asset sector.
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Bybit is a cryptocurrency exchange focused on derivatives trading, offering leveraged trading up to 100x and a proprietary platform integrated with TradingView for market analysis. The exchange provides access to both futures and perpetual contracts, copy trading, an order book, and a crypto debit card, along with 24/7 customer support. For more details on regulation, investment products, and trading conditions, see the broker profile on Traders Union.
For more background, our earlier news about Bybit covered the launch of its unified financial platform, marking the broker’s evolution from a crypto exchange to a comprehensive ecosystem encompassing both digital and traditional assets. You can read the previous Bybit update on Traders Union here.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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