According to Bybit's announcement on October 22, its Dubai entity, Bybit Fintech FZE, has officially obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA), covering crypto asset spot trading. Bybit established its international headquarters in Dubai in 2022 and received VARA's in-principle approval in 2024. Bybit's Chief Legal and Compliance Officer, Peter Loo, stated that the company plans to apply for an extension of the license to include derivatives trading in the future, pending further regulatory approval. https://www.(wublock123.com)/news/bybit-dubai-entity-secures-vara-vasp-license-70513