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Cyprus Grants Crypto License to Bybit

Bybit’s move is in stark contrast with that of the leading crypto exchange, Binance. Earlier this month, Binance announced it would cease its operations in Cyprus. Crypto exchange Bybit has obtained a license from the Cyprus Securities and Exchange Commission (CySEC) to operate a crypto exchange and provide custody services in the island nation. Bybit announced the news on Monday, June 26, stating that it will offer a full suite of services to its Cyprus customers. This will include...

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OKX Secures MVP ‘Preparatory’ License in Dubai, Reveals Next Plan

OKX Middle East had been offering certain products and services in the region since last July. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted crypto exchange OKX a minimal viable product (MVP) preparatory license. This implies that the exchange is now cleared to fulfill all requirements to bag a full operational license in the region. According to a Thursday statement by OKX Middle East, once it receives this license, it will be able to extend its “approved suite of duly...

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