OKX were granted a license allowing them to provide additional services to qualified investors in Dubai, claiming the city has the potential to become 'one of the top global hubs for the industry.”
Crypto exchange OKX has acquired a provisional virtual assets license granted by the Dubai Virtual Assets Regulatory Authority , allowing them to offer additional services to qualified investors and financial services providers in Dubai, United Arab Emirates .
According to Tim Byun, government relations officer at OK Group, the compliance framework given by Dubai's VARA reflects UAE’s leadership in nurturing the future's global economy. Byun explained that:
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