We are pleased to announce that BitOasis will resume accepting new registrations from retail and institutional customers starting 12 April 2024. New users will be able to create accounts on the platform and enjoy a safe, secure and convenient way to buy, sell and trade over 60 tokens with multiple currencies, including AED, SAR, and USD. Further details on our registration and verification process are available on the BitOasis website.
We are grateful for the Virtual Assets Regulatory Authority’s (VARA) ongoing support and the collaborative approach the regulator has taken during the reopening process. As a result of our close collaboration, BitOasis has made significant progress in meeting its licensing and regulatory obligations and will work towards securing a full Virtual Asset Service Provider (VASP) License under the supervision of VARA.
From its launch in 2016, BitOasis has remained firmly committed to taking a regulation-first approach in providing its users across the Middle East and North Africa with a safe, secure and accessible opportunity to buy, sell and hold cryptocurrencies. We were the first platform to register with the UAE Financial Intelligence Unit and were among the first platforms to secure a provisional permit from VARA shortly after its launch in 2022, which allowed us to continue operating following the establishment of the regulator. The reopening of our platform to new retail and institutional customers is a testament to our continued dedication to serving our users in full compliance with the applicable regulatory requirements.
Through our work and collaboration with VARA, we’re glad to be contributing to the thriving virtual assets ecosystem in the UAE and we look forward to fostering such relationships with all regulators across the GCC and MENA.
Important Notice: BitOasis does not provide investment or legal advice. If this content, including attachments, contains guidance or expresses a view, this is not to be considered or relied upon as investment or legal advice and it is recommended that you obtain independent professional advice. Cryptocurrency trading/investing involves a substantial risk of loss and may not be suitable for every investor. If you do not fully understand these risks, you must seek independent advice from your financial advisor.
