Dubai crypto regulator awards first broker-dealer MVP operational license

BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first broker-dealer minimum viable product operational license from Dubai's crypto regulator, the company said on Monday. Dubai's Virtual Asset Regulatory Authority (VARA) was formed in March 2022 to regulate the emerging virtual asset sector in the emirate, as the United Arab Emirates pushes to become a global hub for the industry.