World · Access · South Korea ·
BitGo secures South Korea institutional crypto custody license
BitGo Korea received regulatory approval as a virtual asset service provider (VASP), ahead of stricter licensing requirements that took effect two days later. Backed by Hana Financial Group and SK Telecom, it is the first global crypto company to obtain this license through a locally registered entity.
Why it matters for the crypto market
Marks a major institutional pathway into South Korea's regulated crypto market and expands custody options for institutional clients in a top-tier Asian economy.
Source: CoinDesk
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