BitGo, a digital asset infrastructure company, has secured regulatory approval to operate certain services within Dubai. This move follows Dubai authorities issuing enforcement actions against numerous companies in the virtual asset sector. According to BitGo’s announcement on Tuesday, its Middle East and North Africa (MENA) branch was granted a broker-dealer license by the Dubai Virtual Assets Regulatory Authority (VARA). This license empowers the company to facilitate regulated digital asset trading and intermediary services for institutional clients in the region. The announcement follows VARA’s recent disclosure of fines levied on 19 companies for engaging in unlicensed virtual asset activities and violating marketing regulations within the jurisdiction.