UAE crypto push sees Bybit, Crypto.com announce Dubai offices

FILE PHOTO: General view of Dubai Marina in Dubai, United Arab Emirates, December 22, 2018. REUTERS/ Hamad I Mohammed//File Photo

DUBAI (Reuters) - Crypto exchange Bybit on Monday said it will open its global headquarters in Dubai and crypto platform Crypto.com said it would establish a regional hub there, the latest moves in the UAE's drive to become a centre for the virtual asset sector.

Dubai, one of the UAE's seven emirates and the region's trade hub, this month issued its first law governing virtual assets and formed the Virtual Asset Regulatory Authority (VARA) to oversee the sector.