UK courts Bybit to deepen London presence in bid to close UAE's crypto innovation lead

UK government is pitching Bybit to expand its London operations in a direct play to peel crypto innovation momentum away from the UAE, where the exchange runs its global headquarters. Bybit only returned to UK markets in December 2025 after a two-year FCA-driven exit, and in October 2025 became the first crypto exchange to secure the UAE's full VASP license. The outreach reflects London's push to claw back ground from Gulf hubs ahead of its own crypto framework landing in 2027.

TLDR by @Benthic

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• Crypto
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