Summary
- BitGo said it obtained a Broker-Dealer license from Dubai's virtual asset regulator (VARA).
- It said that with this approval, BitGo can provide legal virtual asset trading and brokerage services to institutional investors in Dubai.
- BitGo said the VARA approval marks an important milestone in strengthening credibility in the Middle East market and expanding global digital asset infrastructure.
On the 7th (local time), according to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), global virtual asset custodian BitGo obtained a Broker-Dealer license from Dubai's virtual asset regulator (VARA).
With this approval, BitGo can provide lawful virtual asset trading and brokerage services to institutional investors in Dubai.
BitGo said, "The VARA approval is an important milestone in strengthening credibility in the Middle East market and expanding global digital asset infrastructure," adding, "We plan to further enhance institutional-grade asset protection and trading services."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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