Bybit has been awarded an IPA in the UNITED Arab Emirates, which will allow it to operate virtual assets in the country and set up its headquarters in Dubai

On March 28, cryptocurrency exchange platform Bybit announced that it has received in-principle approval from the UNITED Arab Emirates (UAE) to conduct virtual asset business in the country. Bybit said it will support the UAE government's regulatory efforts, set up a global headquarters in Dubai, and provide a full range of crypto asset products and services to the world.