ByBit To Conduct Virtual Asset Business, Opens Global HQ in Dubai

ByBit To Conduct Virtual Asset Business, Opens Global HQ in Dubai

Crypto exchange Bybit announced the plan to open its global headquarters in Dubai, UAE. ByBit announced the move during the joint press conference with the UAE Ministry of Economy at the World Government Summit 2022, March 28. The UAE’s latest moves aim to become a center for the virtual asset sector.

This month, Dubai issued its first law governing virtual assets as well as forming the Virtual Asset Regulatory Authority (VARA) to oversee the sector. Notably, Dubai is the UAE’s trade hub.

Resource: CoinQuora