Bitgo Secures VARA License to Enhance Institutional Trading in Dubai
CryptocurrencyBitgoUpdated a day ago

Bitgo Secures VARA License to Enhance Institutional Trading in Dubai

Bitgo has obtained a broker-dealer license from VARA, enabling it to launch regulated institutional trading in Dubai. This achievement comes amid a regulatory crackdown affecting other companies, highlighting Bitgo's commitment to compliance and enhancing its credibility in the MENA region's digital asset market. The move is expected to foster trust and innovation in cryptocurrency trading.

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Bitgo Secures VARA Broker‑Dealer License to Launch Regulated Institutional Trading in Dubai
PositiveCryptocurrency
Bitgo has successfully secured a broker-dealer license from VARA, allowing it to launch regulated institutional trading in Dubai. This is a significant step for Bitgo as it expands its operations in the Middle East, providing a compliant platform for institutional investors. The move not only enhances Bitgo's credibility but also contributes to the growing acceptance of cryptocurrency trading in regulated markets, which is crucial for the industry's future.
BitGo secures VARA license amid regulatory crackdown
PositiveCryptocurrency
BitGo has successfully secured a VARA license, a significant achievement amid a regulatory crackdown in Dubai where 19 companies faced financial penalties for their digital asset activities. This approval not only highlights BitGo's commitment to compliance but also positions it favorably in the MENA region's evolving digital asset landscape, which is crucial for fostering trust and innovation in the industry.

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