US crypto custody agency BitGo wins BaFin license in Germany: Report

Main cryptocurrency custody agency BitGo is reportedly increasing its regulatory compliance in Germany greater than three years after launching a devoted native subsidiary.

BitGo has obtained a cryptocurrency license from the German Federal Monetary Supervisory Authority (BaFin), in accordance to a Nov. 1 report by Finance Magnates. The agency has been storing crypto belongings like (BTC) for its shoppers since 2019 below the supervision of BaFin as a part of a transitional regime, the report notes.

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