{"id":13004,"date":"2025-10-09T16:24:44","date_gmt":"2025-10-09T16:24:44","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bybit-secures-uaes-first-full-crypto-exchange-license\/"},"modified":"2025-10-09T16:24:49","modified_gmt":"2025-10-09T16:24:49","slug":"bybit-secures-uaes-first-full-crypto-exchange-license","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bybit-secures-uaes-first-full-crypto-exchange-license\/","title":{"rendered":"Bybit secures UAE\u2019s first full crypto exchange license"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bybit, the world\u2019s second-largest cryptocurrency exchange by trading volume, has secured the first full crypto exchange operator license in the United Arab Emirates.<\/p>\n<div id=\"cn-block-summary-block_f4204e827da79a584b5f2e0fe4912272\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bybit has received the Virtual Asset Platform Operator License from the Securities and Commodities Authority in the United Arab Emirates.<\/li>\n<li>The exchange becomes the first crypto platform to secure the full license.<\/li>\n<li>Regulatory milestone adds to key compliance efforts in Europe and India.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Virtual Asset Platform Operator License, issued by the Securities and Commodities Authority, sees Bybit become the first crypto platform to receive this regulatory nod, according to details the company shared via a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bybit.com\/press\/post\/bybit-secures-uae-s-first-virtual-asset-platform-operator-license-from-securities-and-commodities-authority-blte25e6cd2d822b03a\" target=\"_blank\" rel=\"nofollow\">press release<\/a> on Thursday.<\/p>\n<p>Bybit\u2019s milestone follows an initial In-Principle Approval in the UAE, which the SCA granted in February 2025. The full license signals that the exchange fully meets the regulator\u2019s stringent requirements around security infrastructure, operational transparency, and compliance, the Bybit team noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cReceiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit\u2019s unwavering commitment to building trust through compliance and transparency. The UAE has emerged as a global leader in digital asset regulation, and this recognition underscores the strength of our security and governance standards,\u201d Ben Zhou, co-founder and chief executive officer of Bybit, said in a statement.<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bybit sees another key regulatory milestone<\/h2>\n<p>The SCA nod adds to Bybit\u2019s key regulatory milestones year-to-date. One of these is the platform\u2019s major win in May when it secured the European Union\u2019s Markets in CryptoAssets license.\u00a0<\/p>\n<p>Apart from MiCAR, the platform also resumed full trading in India in September. It followed India\u2019s Financial Intelligence Unit ban targeting the crypto exchange and others for operating without proper registration. That happened in January 2025.<\/p>\n<p>However, after the crypto platform finalized its registration as a Digital Asset Service Provider and paid a $1 million fine to settle with the FIU, it announced resumption of full trading services.<\/p>\n<h2 class=\"wp-block-heading\">Expansion across the UAE<\/h2>\n<p>While Bybit has scored a provisional license under Dubai\u2019s Virtual Assets Regulatory Authority, the SCA license is a major win as its regulatory scope covers the UAE mainland. VARA applies to virtual assets and virtual asset service providers in Dubai.<\/p>\n<p>The Virtual Asset Platform Operator License from SCA allows Bybit to expand its services across the UAE, with top offerings including crypto trading, brokerage, and custody. The exchange has the nod to offer these services to both retail and institutional clients.<\/p>\n<p>Accordingly, Bybit has plans to expand across the Middle Eastern nation via regional operations in Abu Dhabi and Dubai. The exchange says it also plans to hire locally across compliance, operations, and customer service.<\/p>\n<p>It will also partner with local firms to bring new education and Web3 innovation programs to customers.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bybit, the world\u2019s second-largest cryptocurrency exchange by trading volume, has secured the first full crypto exchange operator license in the United Arab Emirates. Summary Bybit has received the Virtual Asset&hellip;<\/p>\n","protected":false},"author":1,"featured_media":678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13004"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13004\/revisions"}],"predecessor-version":[{"id":13005,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13004\/revisions\/13005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/678"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}