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Bybit Secures Full VARA License for Spot Trading in Dubai

Summary: Bybit received a full VASP license from Dubai’s VARA, allowing its local entity to offer spot trading. The company must still complete launch processes before serving customers, complementing its earlier federal SCA license which excluded Dubai.

CoinQi ·

HSBC Launches RedCoin Stablecoin for Retail Payments via PayMe App

Summary: HSBC launched RedCoin, a Hong Kong-dollar stablecoin, for retail use via its PayMe app, enabling over 3.3 million users to activate wallets. The asset is redeemable one-for-one against the HKD and follows HSBC's April licensing under Hong Kong's stablecoin framework.

CoinQi ·