Bitoasis Wins License in Dubai

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BitOasis has successfully obtained its Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

This significant achievement, announced on December 9, marks a major milestone for the company since its acquisition by Indian exchange CoinDCX.

Having obtained this license, BitOasis is now fully authorized to provide a wide range of cryptocurrency services, including buying, selling, and trading. The platform is eager to begin operating under the license immediately, showcasing its dedication to compliance and cooperation with Dubai authorities.

This milestone is yet another testament to BitOasis’ longstanding collaboration with UAE regulators. In 2022, the platform was one of the first to secure a provisional operating permit from VARA, a regulatory body created alongside new cryptocurrency regulations.

The newly granted license will bolster BitOasis’ services for retail, institutional, and accredited investors. It also paves the way for future expansion plans, with the company aiming to obtain additional approvals from VARA and other regulatory agencies.