UK invites crypto giant Bybit to London to win over some of UAE’s innovation shine
CoinDesk
The UK government is courting crypto exchange Bybit to boost its domestic digital asset sector and emulate Dubai's successful innovation momentum.Summary
UK government-linked officials have invited Bybit CEO Ben Zhou to London for meetings with the Financial Conduct Authority and the House of Lords. The initiative aims to attract major crypto businesses to the UK, following a trend where companies like Bybit and Binance helped foster a thriving crypto ecosystem in the UAE. Bybit’s CEO noted that the UK seeks to reverse the migration of companies and capital to Dubai by fostering a pro-innovation environment and creating new jobs through forthcoming crypto regulations.
(Source：CoinDesk)