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BitGo head Mike Belshe said the firm is close to receiving approval from the Dubai regulator. Cryptocurrency custodian BitGo, backed by Goldman Sachs, is seeking expansion into the Middle East following a recent $100 million funding round, which brought the company’s valuation to $1.75 billion. In an interview with Financial News, BitGo chief executive Mike Belshe said that the U.S.-headquartered firm has already applied for a Virtual Assets Regulatory Authority (VASP) license to offer its services in Dubai. Belshe added the firm has also started hiring in the region, although he did not provide the timeframe for the launch. “We are very close to receiving approval from [the] Dubai regulator.” BitGo CEO Mike Belshe The BitGo CEO also said the firm plans to relocate “a few staff members” from Europe to Dubai as the firm anticipates demand for its services to ramp up. You might also like: US Court grants Galaxy Digital victory, dismisses $10...

Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. According to the Sept. 26 announcement, the funds will be used to grow Gemini's development center in Gurgaon. The exchange said:  "Our teams based in Gurgaon will also be responsible for core platform fundamentals in the areas of compliance, data pipelines and warehousing, security, and payments, complementing our 500+ strong global workforce." Since its initial launch in May, the Gemini Gurgaon Development Center has expanded to over 70 staff, with active hiring for software engineers, technical product managers, talent acquisition, finance, support, and compliance. In supporting the expansion , Gemini cited the Indian government's "robust support framework that allows startups to thrive." The site also acts as a developer for the exchange's new Features in nonfungible tokens ...