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 foreign-owned subsidiary in which the majority is foreign-owned has directly obtained VASP registration.
Established in 2024, BitGo Korea is partially owned by South Korea's Hana Financial Group, which holds a 25% stake, and SK Telecom...
