News Explorer — BitGo Secures Crypto Custody Business License From Germany's BaFin

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Nov 2, 9:50 am

Cointelegraph

BitGo Secures Crypto Custody Business License From Germany's BaFin

BitGo has obtained a crypto custody business license from the German Federal Financial Supervisory Authority (BaFin), issued on October 24. Prior to this, BitGo had stored crypto assets for its clients under BaFin's supervision as part of a transitional regime. BitGo described the awarding of the license as a "milestone" for the firm, adding that it helped to create a "secure regulatory framework" for crypto.

BitGo has obtained a crypto custody business license from the German Federal Financial Supervisory Authority (BaFin), issued on October 24. Prior to this, BitGo had stored crypto assets for its clients under BaFin's supervision as part of a transitional regime. BitGo described the awarding of the license as a "milestone" for the firm, adding that it helped to create a "secure regulatory framework" for crypto.

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