Bybit has obtained its first full license to operate a digital asset platform from the Securities and Commodities Authority (SCA) in the UAE. It thus becomes the first cryptocurrency exchange to receive a federal license from SCA, enabling it to provide regulated trading, brokerage, custody, and currency conversion services across the entire UAE, not just Dubai. With this license, Bybit plans to expand its presence within the UAE by hiring more than 500 employees and launching regional operations in Abu Dhabi and Dubai.

Source: Coindesk / Financemagnates / AInvest