Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority
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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 Mediahttps://discord.com/invite/bybithttps://www.facebook.com/Bybithttps://www.instagram.com/bybit_official/https://www.linkedin.com/company/bybitexchange/https://www.reddit.com/r/Bybit/https://t.me/BybitEnglishhttps://www.tiktok.com/@bybit_officialhttps://twitter.com/Bybit_Officialhttps://www.youtube.com/c/Bybit
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.
Source https://www.media-outreach.com/news/united-arab-emirates/2023/06/27/229238/