BitOasis – UAE’s First Crypto Broker to Receive Full License from Dubai

Dec 9, 2024 12:00 pm Cryptocurrency 51

Key Takeaways:

CoinDCX’s acquisition of BitOasis highlights growing global attention on the MENA crypto market.

The UAE is positioning itself as one of the major jurisdictions for crypto activities, gaining international interest.

Strong regulation and strategic partnerships are driving trust and growth within the regional crypto ecosystem.

BitOasis’s Journey from MVP License to Full Operational License

The country’s first domestic crypto brokerage, BitOasis, reportedly achieved a feat by becoming fully licensed to operate as a Virtual Asset Service Provider via Dubai’s Virtual Assets Regulatory Authority. According to its website, VARA granted permission for onshoring BitOasis Technologies FZE in Dubai Silicon Oasis to conduct certain activities and types of products, including brokerage services.

This achievement is a result of relen ..

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