Big news for Bybit, a cryptocurrency company! They just got a thumbs-up from the UAE (that's the United Arab Emirates) to start offering their services there. This is a really big step for them, even after a recent problem where they lost some money.
- Bybit got approval to work in the UAE, a country that's becoming a big player in the crypto world.
- This happened even after Bybit had a problem with money being stolen.
- The UAE is making it easier for crypto companies to work there while also keeping investors safe.
| Fact | Number |
|---|---|
| Money lost by Bybit in the hack | $1.5 billion |
| Number of stablecoins approved in Dubai | 2 (USDC and EURC) |
This is exciting news for crypto fans. More countries are opening their doors to cryptocurrency companies, meaning more people will be able to use crypto in the future!
