US crypto custody firm BitGo wins BaFin license in Germany: Report By Cointelegraph
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Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.
BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes.
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Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.
BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes.
Continue Reading on Cointelegraph
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