Dubai Bitcoin exchange BitOasis gets preliminary approval to operate in Middle East

posted 5 months ago
The United Arab Emirates has granted crypto exchange BitOasis a preliminary license which allows it to operate a Bitcoin trading platform in the region. BitOasis claims to be Middle East’s first regulated Bitcoin exchange. For the past 2 years, BitOasis reportedly handled $1.6 billion in trading volume. This makes it one of the biggest cryptocurrency exchanges in the Middle East.

According to the Jordan-born and UK-educated BitOasis CEO and co-founder, Ola Doudin, a full license will be granted once certain operational and technical requirements are satisfied, he went on to say “Overall, it will boost our growth in the region, legitimize the space and expand our reach in the market… Dubai is the world’s emerging markets capital for trade and movement of goods, people and capital, and we want to be right at the center of that.”
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