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We’re licensed in Dubai — and will work to develop the region’s leading industry standards

2022.07.14 OKX

We’ve been granted a provisional virtual assets license by the Dubai World Trade Centre Authority under the Dubai Virtual Assets Regulators Authority. This means that we may provide certain services to qualified investors in the United Arab Emirates, the broader Gulf Cooperation Council, Africa and elsewhere.

Excitingly, with the approval of the license, we’ll establish a regional hub at the Dubai World Trade Center in an effort to contribute to developing both Dubai and the world’s always-expanding virtual asset ecosystem.

The Middle East and North Africa region is one of the crypto industry’s fastest-growing markets, and we are proud to meaningfully contribute to its free exchange of ideas and future regulatory framework. Dubai is also a pioneer in the virtual asset industry, and we are excited to participate in its sound compliance framework and development.

As a proponent of sound regulation, we will engage in constructive dialogue to advance regulatory and legislative dialogue while facilitating research and the sharing of knowledge to promote Dubai as an industry hub.

Education and safeguarding users’ assets remain the utmost priority to us — and we feel this latest license will help us move the industry forward into a safer and more user-friendly environment.

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.