Why regulatory Is Trending Today?

BitGo, a leading cryptocurrency services provider, has secured a VARA broker-dealer license in Dubai, allowing it to expand its institutional crypto services in the region. This move comes amidst a regulatory crackdown by the Dubai Financial Services Authority, which recently fined 19 firms for violating virtual asset regulations. BitGo's VARA license approval follows the German regulator BaFin's approval of BitGo's MiCA application, further solidifying the company's commitment to regulatory compliance and expansion in the global crypto market.