The post Bybit Becomes UAE’s First Crypto Exchange to Secure Full SCA Virtual Asset License appeared on BitcoinEthereumNews.com.

Key Takeaways: Bybit has received the first-ever full 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 for both retail and institutional clients. The exchange plans to expand its UAE operations with over 500 new hires and launch Web3 education and innovation programs in partnership with local institutions. The UAE has taken a major leap toward becoming a global digital asset hub as Bybit, the world’s second-largest cryptocurrency exchange by trading volume, becomes the first to receive a full Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA). The approval cements the nation’s leadership in digital finance and reflects its growing regulatory sophistication. Read More: UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash Bybit’s Full Licensing Marks a Turning Point for UAE Crypto Oversight Bybit announced the milestone on October 9, confirming that it had secured the SCA’s full authorization following its In-Principle Approval (IPA) earlier this year. The exchange had obtained that preliminary approval in February 2025 with guidance from the Abu Dhabi Blockchain Centre, which helped it navigate the UAE’s strict regulatory framework. This final approval makes Bybit the first exchange officially licensed under the SCA’s Virtual Asset Platform Operator (VAPO) framework, a key component of the UAE’s broader strategy to position itself as a compliant global hub for digital finance under Vision 2031. Bybit is now able to conduct the regulated virtual asset trading, brokerage, custody, and fiat conversion services throughout the UAE under the new license. This covers both the retail and institutional clients, as it is a sign of increasing demand for digital assets in one of the most vibrant financial hubs of the Middle East. Co-founder and CEO Ben…

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Filed under: News - @ October 13, 2025 4:22 am