Dubai-headquartered crypto exchange Bybit has acquired MVP license in Dubai, which only allows it to service a “very restricted set of accredited investors.” 👀
Dubai-headquartered cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to Bybit CEO.
According to the CEO, Bybit is currently working hard to gain a full market product license in Dubai, which will allow the exchange to operate for a full spectrum of customers in the United Arab Emirates. “I feel positive about our progress as VARA demonstrates an interest and passion for innovation and entrepreneurship,” Zhou said, adding that the authority has been proactively seeking feedback from entrepreneurs.
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