Dubai grants provisional licence to crypto trading firm OKX

Dubai grants provisional licence to crypto trading firm OKX

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

Crypto trading app OKX said on Thursday it had been given a provisional virtual assets licence by the Dubai Virtual Assets Regulatory Authority (VARA), which was set up earlier this year to regulate the industry.