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BitGo Korea Becomes First New Korean Entity Established by a Global Digital Asset Company to Secure VASP Registration in South Korea
BitGo Korea will offer custody and transfer services after becoming the first newly established global digital asset entity approved under South Korea’s regime.
- BitGo Korea secured VASP registration in South Korea on Thursday, becoming the first foreign digital asset company to achieve this status through direct registration rather than acquiring an existing entity.
- The Korean venture secured investments from Hana Financial Group and SK Telecom, which hold stakes of 25 percent and 10 percent, respectively, to facilitate engagement with local regulators.
- Korea Financial Intelligence Unit approval allows BitGo Korea to provide custody and transfer services, distinguishing its direct entry from competitors Binance and OKX that pursue acquisitions instead.
- Chen Fang, Chief Executive Officer of BitGo Korea, stated the registration provides "the foundation to serve institutional clients in South Korea through a locally registered entity."
- Digital assets are becoming part of global financial infrastructure, Mike Belshe, CEO and Co-founder of BitGo, noted; this milestone strengthens the company's ability to support institutions globally.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitGo Korea secures VASP registration ahead of new rules
BitGo Korea has secured VASP registration from South Korea’s Financial Intelligence Unit, becoming the first local entity owned by an overseas crypto company to complete the process directly. Yonhap News Agency reported on Aug. 20 that the Financial Intelligence Unit,…
Bitgo Breaks Into Korea With Hana and SK Telecom in Its Corner
Bitgo Korea just cracked one of Asia’s toughest crypto markets, securing regulatory registration to provide cryptocurrency custody and transfer services to institutional clients in South Korea and planting a direct flag in one of the world’s busiest digital asset markets. The Korea Financial Intelligence Unit accepted Bitgo Korea’s Virtual Asset Service Provider, or VASP, registration […]
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Total News Sources22
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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