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<h2 id="header-0">Dubai Crypto Exchange BitOasis&#39; License Suspended for Non-Compliance</h2><p>Dubai&#39;s cryptocurrency regulator, the Virtual Assets Regulatory Authority (VARA), has suspended the license of BitOasis, the first <strong><a href="https://www.coingabbar.com/en/crypto-blogs-details/top-10-crypto-exchanges-you-should-know-about-coingabbar-blogs" rel="noopener noreferrer nofollow">crypto exchange</a></strong> to receive an operational license in the city. BitOasis failed to meet key conditions within the specified timeframes set by the regulator. VARA did not disclose the specific conditions that were not met but stated that the exchange&#39;s license remains non-operational until the requirements are fulfilled. BitOasis received a conditional license in April, allowing it to provide broker-dealer services to institutional and retail investors. The suspension hinders the exchange&#39;s ability to apply for a Full Market Product (FMP) license. VARA will monitor BitOasis for regulatory compliance remediation.</p>

Dubai's BitOasis Crypto Exchange License Suspended by Regulator

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