- ByBit becomes the first global crypto exchange to receive a Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA).
- The license allows ByBit to offer regulated trading, brokerage, custody, and fiat conversion services in the UAE.
- This license covers the UAE mainland, expanding beyond Dubai’s jurisdiction handled by the Virtual Assets Regulatory Authority (VARA).
- ByBit received initial approval from the SCA in February 2025, after previous regulatory achievements in Europe and India.
- The approval highlights the UAE’s position as a leading hub for regulated cryptocurrency activity.
ByBit, a leading global cryptocurrency exchange, has been officially licensed by the United Arab Emirates (UAE) Securities and Commodities Authority (SCA) to operate as a Virtual Asset Platform Operator. With this approval, announced in June 2025, ByBit can now offer regulated virtual asset trading, brokerage, custody, and fiat conversion services throughout the UAE.
According to ByBit Co-founder and CEO Ben Zhou, the license demonstrates the exchange’s commitment to compliance and transparent business practices. Zhou stated, “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to building trust through compliance and transparency.” The company had previously secured initial approval from the SCA in February 2025, with support from the Blockchain Centre in Abu Dhabi.
Earlier in the year, ByBit also obtained a Markets in Crypto Assets (MiCA) license in Europe and resumed full trading operations in India. The firm’s new SCA license extends its reach, allowing services to both retail and institutional clients across the UAE mainland—beyond Dubai, which is primarily regulated by the Virtual Assets Regulatory Authority (VARA).
The SCA’s regulatory scope is broader than that of VARA, as it applies to the UAE mainland and governs entities outside Dubai’s jurisdiction. This expanded regulatory framework enables exchanges like ByBit to serve a wider audience across the country.
The UAE’s progressive approach to cryptocurrency regulation has positioned the country as a central hub for digital asset companies. While the U.S. and parts of Asia have taken a more cautious stance, the Middle East, and the UAE specifically, continue to emerge as favorable locations for compliant crypto activity and innovation. For additional context on crypto trends, see Memecoin Battle 2025: Forecasts for PEPE, BONK & Trump Coin.
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