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EgyptDubai Welcomes BitGo with New VASP Licence, Boosting Digital Asset Scene
2 min
BitGo secures a VASP licence from Dubai's Virtual Assets Regulatory Authority.
This enables BitGo to offer secure custody and storage services for virtual assets in Dubai.
Dubai is increasingly seen as an attractive hub for digital asset enterprises.
Despite positive developments, the regional digital asset regulatory framework is still evolving.
BitGo's expansion signifies Dubai's growing status as a centre for fintech innovation.
Dubai continues to cement its growing reputation in the digital assets arena, as BitGo's branch in the city, "BitGo Custody – Middle East and North Africa," obtains its Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Assets Regulatory Authority (VARA). This latest move opens doors for BitGo to provide secure custody and storage services for virtual assets in the emirate.
BitGo, widely known for bolstering digital asset ecosystems worldwide, had secured initial approval back in January 2025, and clearly, things have moved swiftly since then.
Dubai is increasingly seen as the place to set up shop if you're keen on digital currencies, blockchain, and the like—and big hitters in the industry clearly don't want to miss out. BitGo's arrival will likely encourage other international players to consider Dubai as an appealing operational base.
Having chatted with a few colleagues at Arageek recently, it's clear the city is becoming a real hot spot for such innovative enterprises. And why wouldn't it? With clear regulations, a vibrant community, and top-notch infrastructure, Dubai is making it hard to resist for fintech firms looking to expand.
That said, some continue to voice caution, reminding us that although VARA’s approval is a significant milestone, the region's digital asset regulatory framework is still growing. Industry watchers will no doubt keep an eye on things closely—just to ensure all remains tickety-boo.
For now, though, BitGo seems poised to take full advantage of its latest milestone, expanding its footprint in the Arab region and delivering robust custody solutions to an ever-growing market. With more firms joining the party, it's safe to say Dubai is rapidly becoming a beacon for fintech innovation.
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