BitGo Registers as a Cryptocurrency Operator in South Korea, Reports Say

A First for Foreign Companies: Direct VASP Registration

On the 18th, BitGo Korea, the South Korean subsidiary of cryptocurrency infrastructure company BitGo, was accepted for Virtual Asset Service Provider (VASP) registration by South Korea's Financial Intelligence Unit (FIU), local media reported on the 20th. According to the company, this is the first instance where a South Korean subsidiary funded majorly by foreign capital has directly obtained VASP registration.

Established in 2024, BitGo Korea is partly owned by South Korea's Hana Financial Group, which holds a 25% stake, and SK Telecom...