Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Bybit Receives In-Principle Approval to Establish Virtual Asset Platform in the United Arab Emirates

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that it has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the UAE. The approval, dated February 18, 2025, signifies a significant milestone in Bybit's efforts to provide a secure and compliant platform for crypto traders in the region. Bybit is now in the final stages of obtaining its fully operational license, demonstrating its commitment to meeting regulatory and compliance standards. This authorization brings Bybit closer to offering a wide range of digital asset services to retail and institutional clients in the UAE, aligning with its goal of fostering a compliant and innovative digital asset ecosystem. Bybit's progress in the UAE complements its existing regulatory approvals in the Middle East and reflects its dedication to compliance in key financial hubs worldwide.

Bybit
Comments

All Comments

Recommended for you

  • COINMY Named Title Sponsor of “The Silent Rise” Summit in Hong Kong on February 9

    According to CoinTime, COINMY has been confirmed as the title sponsor of “The Silent Rise” summit, taking place in Hong Kong on February 9. COINMY (CMY) is a globally compliant digital asset exchange focused on bridging traditional payment systems with the crypto ecosystem, with an emphasis on transparency, security, and efficient global trading infrastructure. “The Silent Rise” is a themed summit co-hosted by RWAX, METASTONE, ChainTimes, and other ecosystem partners, with sponsorship support from CoinMy, Nexus Chain, and several more Web3 projects. The event will be held from 14:00 to 22:00 on February 9 at the 28th floor of Crowne Plaza Hong Kong Causeway Bay, and is positioned as one of the most anticipated side events during Consensus Hong Kong 2026. The summit will feature multiple roundtable discussions covering key themes such as AI, Real-World Assets (RWA), and next-generation financial systems. The summit brings more than 20 prominent speakers to explore emerging trends, system design, and the evolving architecture of Web3.

  • US spot Ethereum ETF saw a net inflow of $236.22 million yesterday

     according to TraderT monitoring, the net inflow of $236.22 million into the US spot Ethereum ETF yesterday.

  • BTC falls below $112,000

     the market shows BTC fell below $112,000 and is now trading at $111,977.47, a 24-hour decrease of 2.97%. The market is fluctuating significantly, so please manage your risks carefully.

  • Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis

    Jean Tirole, the Nobel Prize winner in economics, warned that the "lack of regulation" of stablecoins could force governments to provide billions of dollars in assistance if these tokens collapse in future financial crises. 

  • BTC falls below $111,000

     the market shows BTC falling below $111,000, now reporting $110,982.89, a 24-hour decline of 1.99%, with significant market fluctuations, please manage risks.

  • BitradeX Officially Enters CertiK Global Top 50 Rankings at 36th Place, Security Strength Receives Authoritative Recognition Again

    AI cryptocurrency trading platform BitradeX has recently been officially listed by global leading security institution CertiK and ranks 36th on its trading platform security leaderboard, demonstrating the platform's continuous advancement in system security and compliance risk control.

  • LazAI Shares Vision for AI × Blockchain Future

    In an exclusive interview at #Nexus2140, Daniel Kwak, CCO of Metis and Head of Marketing at LazAI, introduced LazAI as a pioneering platform addressing data ownership, validation, and monetization in the AI era.

  • NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea

    According to official sources, the highly anticipated NEXUS 2140 AI・Web3・E-commerce Global Expo has officially entered its final countdown. The flagship event will take place on June 21 at KINTEX in Goyang, South Korea.

  • BlockX.VC Makes Strategic Investment in TronBank.Pro, Expands into TRON Energy Finance

    According to official sources, leading blockchain venture capital firm BlockX.VC has announced a strategic investment in TronBank.Pro, a TRON-based energy finance service platform. Both parties will jointly advance the development of TRON’s energy leasing, staking, and on-chain payment infrastructure. The funding from this round will primarily be allocated to the development of the TronBank Card payment tool, global community expansion, and the enhancement of on-chain security systems. BlockX.VC emphasized that TronBank.Pro is poised to become a key entry point in the TRON energy market, helping to improve transaction efficiency, lower user costs, and further promote the prosperity of the TRON ecosystem.

  • BitradeX Token (BTX) Officially Listed on CoinMarketCap with Real-Time Market Data Now Available

    The BitradeX platform token, BTX, has been officially listed on CoinMarketCap (CMC), the world’s leading digital asset market data platform. Starting today, users can access real-time BTX price, trading volume, market capitalization, and other key data on CMC, further enhancing BTX’s transparency and global market visibility.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company