Home
News
- OKX is ready to expand in Dubai to set up its workplace
- VARA governing body of digital Asset management to issue the approval soon.
OKX is a cryptocurrency exchange established in 2017. The company is headquartered in Seychelles. It was founded by Jay Hao and Haider Rafique.
OKX cryptocurrency exchange is a subsidiary of ok Group which also owns Okcoin. The Ok Group comprises 1000 plus experienced employees.
OKX cryptocurrency is ready to expand its fleet in Dubai’s new crypto capital. The company has applied for approval in VARA Dubai (Virtual Assets Regulatory Authority).
VARA(Virtual Assets Regulatory Authority) was set up in March 2022 by Dubai’s Prime Minister and Heading body of the country Sheikh Mohammed bin Rashid Al Maktoum.
Virtual Assets Regulatory Authority(VARA) is Established for the monitoring of the Trading of digital assets and for running and watching the whole process as Dubai is becoming crypto capital globally.
Over the last few months, various reports are coming regarding establishing workplaces in Dubai for many Big crypto firms like crypto.com, Bybit, FTX, and others globally.
ALSO READ – Dunamu, Korean fintech, to create 10k jobs amid crypto bear market
Conclusion
Dubai is turning itself into a new crypto capital globally because of its laws favoring Bitcoin and other cryptocurrencies. Dubai is on the path to becoming crypto capital because of its available resources and joyful environment.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
