OKX launched a licensed cryptocurrency exchange in the UAE with support for BTC/AED, ETH/AED, and USDT/AED, offering a full range of services for retail and institutional investors 💰

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OKX, a global technology company, has opened a licensed cryptocurrency exchange for retail and institutional investors in the UAE. This move follows measures taken by the Virtual Assets Regulatory Authority (VARA), which recently acted against unlicensed companies operating in Dubai.

VARA announced fines and sanctions against seven companies that violated the regulations. These measures highlight the authorities' commitment to creating a safe and transparent environment for investors.

The launch of OKX was accompanied by an event at the Museum of the Future, featuring prominent figures such as OKX CEO Star Xu and Manchester City manager Pep Guardiola. Verified users from the UAE will have access to spot trading, exchange, and other products.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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