Virtual assets platform, Bybit, has announced the relocation of its global headquarters from Singapore to Dubai, just two weeks after the emirate approved a new Virtual Asset Regulation Law to formalise activity in the sector and to ensure investor protection and transparency.
Additionally, Bybit has secured in-principle approval to conduct services in the United Arab Emirates UAE.
Dubai’s new framework caters to both the regulatory clarity advocated by the industry and investor protection, Ben Zhou, co-founder and CEO of Bybit, told FinanceAsia.
“The commitment of the regulators here in Dubai is what has drawn us to anchoring our presence here,” he...
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