Digital asset infrastructure provider BitGo has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA), granting its Middle East arm permission to offer regulated trading and intermediation services for institutional investors. This approval comes at a time of heightened regulatory scrutiny in the United Arab Emirates, with VARA taking action against firms operating without proper authorization. [This is an interesting point because BitGo’s move follows that of similar companies.] The license will enable BitGo’s MENA division to expand digital asset trading within a jurisdiction that’s rapidly becoming a hub for regulated crypto finance.