The Dubai Virtual Assets Regulatory Authority grants BitOasis a license as a virtual asset services provider

BitOasis, the platform specializing in virtual asset trading in the MENA region, announced that it has obtained a full Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), after the platform fulfilled all relevant regulatory conditions and requirements. .
Bit Oasis said it will transition smoothly to operate under its new license immediately.
Obtaining a full VASP license represents the final step in the VARA licensing process for existing platform activities, and represents a major milestone in BitOasis’ journey, opening a new chapter in the company’s work with the Virtual Assets Regulatory Authority, the world’s first dedicated virtual assets regulatory body.
As an industry leader of local origin, BitOasis was among the first platforms to receive a temporary operating permit from VARA shortly after the regulatory authority was launched in 2022.
Ola Dudin, Co-Founder and CEO of Bit Oasis, said: “This is a very important moment for Bit Oasis and the wider virtual asset community in the region. Obtaining a full VASP license is not only a testament to our team’s commitment to regulatory compliance, but also strengthens our resolve to “Leading the industry with integrity and responsibility. We are grateful to VARA for their guidance and support throughout this process. We are excited to continue to grow our company and improve our products to meet the rapidly evolving needs of our customers.”