#Bybit Secures Full #RegulatoryLicense From UAE Authority


#Cryptocurrency exchange Bybit has received a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates. The approval arrived eight months after the regulator granted in-principle approval to the company.


The license enables Bybit to offer its complete range of global products and services to the UAE region. Bybit co-founder and CEO Ben Zhou stated the full license demonstrates the company's commitment to building trust through compliance and transparency. He added that the UAE has emerged as a global leader in #digital-asset regulation.


Bybit previously secured regulatory approval from Austrian authorities in May and registered in India in February. The India registration followed a brief service suspension and payment of a $1 million fine over compliance violations. The company continues to expand its regulatory footprint across multiple jurisdictions.


The UAE regulatory landscape requires crypto companies to navigate a complex framework to serve residents across different emirates. Dubai's Virtual Assets Regulatory Authority and the UAE's Securities and Commodities Authority announced a strategic partnership in August aimed at unifying #crypto regulations.


The partnership focuses on licensing reciprocity, allowing one authority to recognize licenses approved by another. VARA granted Bybit a non-operational license in Dubai in September, but the company indicated at the time it was pursuing full approval. The SCA license represents the achievement of that objective.

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October 10, 2025 at 11:55 AM
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