TechFlow news, on October 10, OKX CEO Star stated at the event "Dubai's New Choice: The Future of OKX and Blockchain Innovation," held at the Museum of the Future in Dubai, that OKX has reached a significant milestone by obtaining the world’s first full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement reflects OKX’s commitment to establishing robust compliance standards. We follow FATF guidelines globally and adhere to VARA regulations in the UAE. This full operating license demonstrates regulators’ trust and confidence in the OKX team. We view this not merely as a marketing asset, but as a major responsibility to uphold high standards within the crypto industry.
It is reported that OKX has officially launched its exchange in the UAE and obtained the VARA full operating license. The VARA full operating license is issued by an agency established by the Dubai government of the United Arab Emirates, specifically tasked with regulating the operations and development of the virtual asset (such as cryptocurrency) industry. Companies receiving the VARA full operating license must meet a series of compliance requirements, including anti-money laundering (AML), customer due diligence (CDD), and other risk management measures. Therefore, holding a VARA license signifies that a company has achieved high standards in compliance, transparency, and market regulation.
