Dubai’s BitOasis Crypto Exchange Gets In-Principle Approval From UAE Regulator, Ready To Launch
Financial regulators around the world have been working to accommodate or ban cryptocurrencies in their various jurisdictions. BitOasis, a crypto exchange that is based in Dubai, is making some headway with their project, as they just received an in-principle approval (IPA) in the United Arab Emirates from the local financial regulator.
The announcement of the IPA from the Financial Services Regulatory Authority (FSRA) was released on Monday, which means that the regulatory battle that the company has been facing is behind them. Now, the next step towards their goal will be to meet the requirements imposed by the IPA to get the license it needs for operation in the country.