Crypto exchange OKX received a provisional licence from Dubai's Virtual Assets Regulatory Authority (VARA), with ambitious expansion plans in the city.
This licence will help it innovate for the future while providing services to qualified investors in the UAE. While the virtual asset ecosystem in Dubai continues to grow, the company will establish a regional team to support its expanding crypto ecosystem. With early adoption of technology and regulatory frameworks, the UAE has already bet on the future of cryptocurrency. Meanwhile, schools and businesses are now accepting cryptocurrency payments, thereby joining the global cryptocurrency markets.