News Explorer — Crypto Custody Firm BitGo Lands German Operating License

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Nov 1, 8:23 am

Coindesk

Crypto Custody Firm BitGo Lands German Operating License

BitGo, a U.S.-regulated cryptocurrency custody firm, has been granted a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). This comes after BitGo received approval from the New York Department of Financial Services (NYDFS) for a New York trust charter in 2021. Germany has become a leading country in Europe for crypto safekeeping, with laws that encourage banks and custody specialists to handle digital assets.

BitGo, a U.S.-regulated cryptocurrency custody firm, has been granted a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). This comes after BitGo received approval from the New York Department of Financial Services (NYDFS) for a New York trust charter in 2021. Germany has become a leading country in Europe for crypto safekeeping, with laws that encourage banks and custody specialists to handle digital assets.

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