The Dubai virtual asset regulator has given initial approval to BitOasis, a UAE-based crypto-asset trading platform focused on the Middle East.
According to Arab Net, Dubai this month granted Binance, the world's largest cryptocurrency exchange, a license to manage virtual assets. It also granted a license to the European FTX Stock Exchange, which will open a regional center in the city.
Dubai this month enacted the first law regulating crypto-assets, and established the Virtual Asset Regulatory Authority to monitor the sector.
Baybit and Crypto.com said this week that they will also start operating in Dubai.
Bit Oasis, which was established in Dubai in 2015 and serves Arabic and English speaking clients in the Gulf and Middle East, said it will continue to operate in Dubai and will apply for a license to the regulator. comprehensive.
