PANews reported on October 14th that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), received in-principle approval (IPA) for Virtual Asset Service Provider (VASP) status from the Dubai Virtual Asset Regulatory Authority (VARA). This approval allows the company to conduct virtual asset broker-dealer services in the UAE and serve as a regional hub for qualified and institutional investors in the Middle East. LTP stated that it will proceed with the full licensing application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.PANews reported on October 14th that Liquidity Fintech FZE, the Dubai subsidiary of LTP (Liquidity Tech), received in-principle approval (IPA) for Virtual Asset Service Provider (VASP) status from the Dubai Virtual Asset Regulatory Authority (VARA). This approval allows the company to conduct virtual asset broker-dealer services in the UAE and serve as a regional hub for qualified and institutional investors in the Middle East. LTP stated that it will proceed with the full licensing application process. VARA is responsible for licensing and regulating digital asset activities in Dubai, emphasizing the framework requirements between innovation and investor protection.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more