OKX Acquired a Provisional Virtual Assets License in Dubai

The Dubai Virtual Assets Regulatory Authority (VARA) has granted OKX a provisional virtual assets license, enabling them to deliver more services to accredited investors and financial service providers in Dubai, United Arab Emirates (UAE). The OKX team informed in a statement that the license enables them to expand their products and services in the area. The exchange will thus make it easier for people to share knowledge and conduct research within the VARA regulatory ecosystem. 🇦🇪 OKX has been granted a provisional virtual assets (VA) license to provide services to qualified investors in the UAE, the broader GCC, Africa, and beyond. This will enable #OKX to innovate for the future in a healthy, regulated framework.#BetterFuture — OKX (@okx) July 14, 2022 The team emphasized that maintaining regulatory compliance is essential because it safeguards users. The compliance framework provided by Dubai’s VARA, in the opinion of Tim Byun, government relations officer of OK Group, represents UAE’s leadership in fostering the future of the global economy. OKX Acquired Virtual Assets License in Dubai The Dubai Virtual Assets Regulatory Authority has granted OKX a provisional virtual assets license. Dubai is a pioneer in the regulation of the virtual assets sector, and it is swiftly becoming one of the top global hubs for the industry. Tim Byun added that the VARA license enables companies to adhere to regulations like ‘knowing your c...