Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, BitGo secures a VARA license as Dubai’s regulator announces a wave of enforcement actions. NYSE parent Intercontinental Exchange backs crypto prediction market Polymarket with a $2 billion investment at a $9 billion valuation, while the European Union reportedly weighs sanctions against A7A5, a stablecoin pegged to the Russian ruble.
Digital asset infrastructure company BitGo said it had secured regulatory approval to offer specific services in Dubai amid the agency’s announcement of several enforcement actions.
In a Tuesday notice, BitGo said its Middle East and North Africa (MENA) arm had secured a broker-dealer license from the Virtual Assets Regulatory Authority (VARA) in Dubai, allowing the company to provide “regulated digital asset trading and intermediation services to institutional clients.”
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