Bybit, a cryptocurrency exchange headquartered in the British Virgin Islands, says it has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). According to an Oct. 9 press release, Bybit is the first crypto exchange to receive full licensing in the UAE. The firm’s CEO and cofounder, Ben Zhou, described receiving the full Virtual Asset Platform Operator License from the SCA as “a testament to Bybit’s unwavering commitment t ...