Auzzi Shopping

The Times Real Estate

.

Today's Features at Auzzi

Line Marking Solutions for Brisbane Growing Infrastructure Needs

As Brisbane develops, so does its need for good line marking to match its infrastructural development. The requirement of good line marking factors in ensuring transportation networks sa...

Practical and Stylish: Exploring the Best Ladies' Work Pants in Australia

Today’s working life is fast and demanding. So, people need the best workwear that offers comfort, functionality and style. Compromising can’t be something that any woman is okay with...

Pool Landscaping Ideas: Transform Your Pool Area into a Luxury Retreat

The pool area is more than just a place to swim; it's a sanctuary where you can unwind, entertain, and enjoy the outdoors. With the right landscaping ideas, you can turn your pool area into ...

Everything You Need To Know About No-Fault Divorce In Australia

A common misconception that many people have is that in order to get divorced, One party must prove that the other “At fault” even though this was indeed the case earlier. Since the in...

How to Support Your Child Through HSC Maths

The Higher School Certificate (HSC) can be a challenging time for students, particularly when it comes to complex subjects like mathematics. As a parent or guardian, you play an important ...

Toll Manufacturing: A Comprehensive Guide to Outsourcing Production Efficiency

In today’s competitive business environment, companies across industries are constantly seeking ways to optimise their production processes while minimising costs. Toll manufacturing has...

Split System Sales Melbourne: Your Guide to Comfort and Efficiency

When it comes to reliable and energy-efficient cooling and heating solutions, split systems are a top choice for many Melbourne homeowners and businesses. Offering year-round comfort, thes...

Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority

  • Written by Auzzi Shopping

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 27 June 2023 - Bybit FinTech FZE, a subsidiary of Bybit, a global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai's Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022.



The Preparatory License does not yet allow Bybit to commence virtual asset operations in the Emirate of Dubai, but exhibits the significant progress made to obtain operational permission from VARA.

"We would like to express our gratitude to VARA for their careful consideration of our application and for granting us the MVP Preparatory License. This is a crucial step forward for Bybit in the UAE, as Dubai plays a pioneering role in advancing the world's development of financial innovation and digital assets," said Ben Zhou, co-founder and CEO of Bybit. "We consider the receipt of this license to be a significant milestone that acknowledges the hard work, dedication, and strong commitment to compliance exhibited by our team."

More From Bybit

Hashtag: #Bybit #TheCryptoArk #BybitPartners

The issuer is solely responsible for the content of this announcement.

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:

For updates, please follow:










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.