Cryptocurrency Custodian BitGo We have received a Major Payment Institution License from the Monetary Authority of Singapore (MAS).
This approval is Agree in principle Approved earlier this year, BitGo can now offer regulated digital payment token services in Singapore.
The license will enable BitGo to offer customers secure digital asset trading through insured cold storage safekeeping solutions kept in Class III vaults.
Customers can now access deep liquidity and leverage BitGo’s advanced platform for trading and custody in a regulated environment.
BitGo plans to use this license to expand its operations in Asia.
BitGo CEO Mike Belshe said:
“Singapore is a leading financial centre in Asia. This license enables us to meet the growing demand of customers with diverse needs, from fully regulated storage and trading to self-custodial wallets. BitGo is the only company in the region offering a full set of services.”
“We are pleased to welcome BitGo to our team of dedicated blockchain partners,” said Youngro Lee, CEO of BitGo Singapore and head of Asia at BitGo.
“This license marks the beginning of a new era for BitGo’s international operations, enabling us to offer unparalleled digital asset solutions to customers in Asia and beyond. We look forward to working closely with MAS in the future.”
Featured Image Credit: Free Pick
