POPA ReconBitGo Wins Korea's First Foreign VASP License
BitGo Wins Korea's First Foreign VASP License South Korea's Financial Intelligence Unit accepted BitGo Korea's VASP registration, the first time a foreign crypto firm has earned the status directly through a locally built subsidiary rather than by buying an existing licensed operator. The registration, accepted on August 18, lets BitGo Korea provide virtual asset transfers, custody and management, with a focus on institutional custody and enterprise services. Since Korea's VASP regime took effect under the Act on Reporting and Using Specified Financial Transaction Information, most foreign p…
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