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This Week In Crypto Asia: Bybit Enters UAE With In-Principle Approval

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Although he was captured in the middle of a large controversy, after the $ 1.4 billion hack, Bybit announced the guarantee of an approval of principle (IPA) in the United Arab Emirates.

The authority for the titles and raw materials (run) of the United Arab Emirates gave bybit the green light to LAiuch his platform of virtual resources.

According to the company’s declaration, the company is also in the final stages to receive its full operational license soon.

The company is aimed at retail and institutional investors in the United Arab Emirates

On February 27, 2025, the company said: “This milestone marks a significant step in the Mission in progress of Bybit to provide a safe, stable and compliant platform for cryptocurrency traders in the region”.

“We are honored to have received the IPA from Sca,” said Ben Zhou, co-founder and CEO of Bybit. “This approval marks a crucial step on our journey towards the supply of safe and transparent criptovalute trading solutions.”

“Bybit remains dedicated to work hand in hand with the regulators to encourage an ecosystem of compliant and innovative digital resources for retail and institutional investors in the United Arab Emirates,” he added.

The company is looking at the United Arab Emirates as an emerging global hub for cryptocurrency and blockchain innovation, supported by progressive regulatory framework. Bybit is trying to fill traditional finance with digital resources in the region.

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Bybit expands in Kazakhstan, India, Austria

In addition to the United Arab Emirates, Bybit continues to guarantee regulatory approvals all over the world, expanding its presence in key jurisdictions such as India, Georgia, Kazakhstan, Türkiye.

Bybit has announced its intention to obtain regulatory licenses in Austria as part of its strategy to expand in new markets, while adhering to local conformity standards. TThe exchange declared that it was committed to aligning its operations with regional regulations to encourage growth in the European market.

In addition, the company offers Teslas, Rolex watches and more to increase the users’ base on their platform in Kazakhstan. These offers are currently live. Bybit, through these offers, aims to involve people to digital resources and improve their path of investors by giving them the opportunity to win great at the beginning of their investment career in cryptocurrency.

Commenting on the rather generous and unusual offer, Joan Han, director of sales and marketing by Bybit, said: “We are excited to offer both the cryptocurrency community in Kazakhstan the opportunity to put the trading bybit trip on board”.

At the beginning of this month, the India Financial Intelligence Unit (FIU) imposed a fine of Inr 9 Crores, 27 Lakh (about $ 1 million) on the company for violating the law on the prevention of money laundering. Bybit has experienced a temporary arrest of commercial activities in India. However, since then the company has reported that it has completed all its license. He also paid his inner penalty amount. The steps led to the success unlocking of his website in India. It is now active and functioning.

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Keyway keyway

  • Bybit’s approach is perfectly aligned with the progressive regulatory environment of the United Arab Emirates, which has positioned the country as a global hub for cryptocurrency and blockchain innovation.

  • This development marks a crucial step for Bybit as it continues to expand its presence in the main financial hubs all over the world.

This week’s post in Crypto Asia: Bybit enters the United Arab Emirates with the approval of principle appeared first out of 99 bitcoins.

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