Crypto trading application, OKX confirmed today the company has received a temporary virtual asset license from the Dubai Virtual Assets Regulatory Authority (VARA) to facilitate qualified investors through an approved list of products and services.
OKX noted that the company aims to offer technology -driven products and services in a regulated environment. OKX is also planning to build a regional hub in Dubai to expand its international presence. Crypto trading applications highlight the growing popularity of digital assets.
Lennix Lai, General Manager of OKX Dubai, commented: “The MENA region is one of the fastest growing markets for our industry, and we are thrilled to be at the core of this evolving ecosystem. OKX looks forward to making a meaningful contribution to the free idea exchange that will follow. becomes essential to the development of this space while creating innovations for the future with an organized framework.
In addition, OKX has expanded its branding and marketing activities in various areas in the past few months. The company recently sponsored a training kit Manchester City Football Club.
Dubai Crypto Ecosystem
Dubai is gaining popularity among leading digital asset companies around the world as a global hub for crypto innovation. Last month, Crypto.com obtain provisional approval from regional regulatory authorities. According to Tim Byun, Global Government Relations Officer at OK Group, Dubai is a pioneer in crypto regulation.
“Dubai is a pioneer in the regulation of the virtual assets sector, and is fast becoming one of the top global centers for the industry. We at OKX are delighted to participate in the sound compliance framework that has been established by the Dubai Virtual Assets Regulatory Authority, and that reflects UAE leadership while looking at the global economy in the future, ”Byun said in a recent press release.
Crypto trading application, OKX confirmed today the company has received a temporary virtual asset license from the Dubai Virtual Assets Regulatory Authority (VARA) to facilitate qualified investors through an approved list of products and services.
OKX noted that the company aims to offer technology -driven products and services in a regulated environment. OKX is also planning to build a regional hub in Dubai to expand its international presence. Crypto trading applications highlight the growing popularity of digital assets.
Lennix Lai, General Manager of OKX Dubai, commented: “The MENA region is one of the fastest growing markets for our industry, and we are thrilled to be at the core of this evolving ecosystem. OKX looks forward to making a meaningful contribution to the free idea exchange that will follow. becomes essential to the development of this space while creating innovations for the future with an organized framework.
In addition, OKX has expanded its branding and marketing activities in various areas in the past few months. The company recently sponsored a training kit Manchester City Football Club.
Dubai Crypto Ecosystem
Dubai is gaining popularity among leading digital asset companies around the world as a global hub for crypto innovation. Last month, Crypto.com obtain provisional approval from regional regulatory authorities. According to Tim Byun, Global Government Relations Officer at OK Group, Dubai is a pioneer in crypto regulation.
“Dubai is a pioneer in the regulation of the virtual assets sector, and is fast becoming one of the top global centers for the industry. We at OKX are delighted to participate in the sound compliance framework that has been established by the Dubai Virtual Assets Regulatory Authority, and that reflects UAE leadership while looking at the global economy in the future, ”Byun said in a recent press release.
