COMMUNIQUÉ DE PRESSE

par Bybit

Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

EQS-News: Bybit / Key word(s): Regulatory Approval
Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

27.06.2023 / 12:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


 Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority
 

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 27 June 2023 - Bybit FinTech FZE, a subsidiary of Bybit, a      global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.

The Preparatory License does not yet allow Bybit to commence virtual asset operations in the Emirate of Dubai, but exhibits the significant progress made to obtain operational permission from VARA.

“We would like to express our gratitude to VARA for their careful consideration of our application and for granting us the MVP Preparatory License. This is a crucial step forward for Bybit in the UAE, as Dubai plays a pioneering role in advancing the world's development of financial innovation and digital assets,” said Ben Zhou, co-founder and CEO of Bybit. “We consider the receipt of this license to be a significant milestone that acknowledges the hard work, dedication, and strong commitment to compliance exhibited by our team.”

 

#Bybit / #TheCryptoArk / #BybitPartners

 

More From Bybit

 

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit: https://www.bybit.com/

For updates, please follow: Bybit's Communities and Social Media

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

 

For media inquiries, please contact: press@bybit.com

 

About VARA

Dubai Virtual Assets Regulatory Authority [VARA] is the world’s first specialised regulator for the Virtual Assets sector. Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

 

 



27.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


1666811  27.06.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1666811&application_name=news&site_id=symex
Voir toutes les actualités de Bybit