Bybit Becomes First Crypto Exchange With Complete UAE Regulatory Approval

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Bybit, a cryptocurrency exchange headquartered in the British Virgin Islands, says it has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE).
According to an Oct. 9 press release, Bybit is the first crypto exchange to receive full licensing in the UAE. The firm’s CEO and cofounder, Ben Zhou, described receiving the full Virtual Asset Platform Operator License from the SCA as “a testament to Bybit’s unwavering commitment to building trust through compliance and transparency” and said the UAE had emerged as a global leader in digital asset regulation.

Bybit Secures UAE’s First Virtual Asset Platform Operator License from Securities and Commodities Authority
Ben Zhou, Co-founder and CEO of Bybit, said: “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to… pic.twitter.com/IH5p3GbODz
— Bybit (@Bybit_Offici

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