Friday, 24 March, 2023

Dubai's new crypto regulator brings UAE firm BitOasis under its wing

<p>As the UAE aspires to become a center for the virtual asset industry, BitOasis, a Middle East-focused crypto exchange based in Dubai, has acquired provisional approval from Dubai&#39;s new crypto regulator. Dubai adopted its first law governing digital assets this month and formed the Virtual Asset Regulatory Authority (VARA) to supervise the sector. While BitOasis applies for a full VARA license, it will continue to operate in Dubai.</p>