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BitOasis secures full VASP license from Dubai’s VARA

The firm said it will transition to operating under its new license with immediate effect

BitOasis Receives Full VARA License
BitOasis is the leading cryptocurrency trading platform in the Middle East and North Africa.

BitOasis, a leading regional virtual assets broker-dealer trading platform, announced receiving a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

The firm said it will transition to operating under its new license with immediate effect.

“Securing the full VASP license marks the final step in VARA’s licensing process for the platform’s current activities, and represents a major milestone in BitOasis’ journey,” the company said.

Co-founder and CEO Ola Doudin said: “This is a very significant moment for BitOasis and the broader virtual assets community in the region. We are excited to continue our growth and further enhance our products to meet the rapidly evolving needs of our clients.”

As a homegrown industry pioneer, BitOasis was among the first platforms to secure a provisional operating permit from VARA shortly after the regulator’s launch in 2022.

Securing the new license will enable the crypto trading platform to further enhance its current services provided to retail, institutional and qualified investors.

It will also enable it to work to secure additional approvals from VARA and other regulators to further expand its product portfolio.

BitOasis, a CoinDCX group company, is the leading regional cryptocurrency trading platform in the Middle East and North Africa.

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