Bybit’s recent acquisition of a Virtual Asset Platform Operator license from the UAE’s Securities and Commodities Authority (SCA) marks a pivotal milestone in the exchange’s expansion. This move showcases Bybit’s commitment to regulatory compliance and reinforces investor confidence in the region’s evolving crypto landscape. 🇦🇪 The authorization allows Bybit to offer its global cryptocurrency products across the United Arab Emirates, following similar approvals in Austria and India. Bybit is also aligning with a unified approach between VARA and SCA, aiming for seamless licensing reciprocity among authorities. This progress supports Dubai’s position as a frontrunner for crypto companies seeking a robust regulatory environment.