BitGo Korea obtained VASP registration from South Korea's Financial Intelligence Unit, enabling regulated institutional access to digital assets.
Regulation & Gov ·
BitGo Korea has obtained Virtual Asset Service Provider (VASP) registration from South Korea's Financial Intelligence Unit, marking the company's formal entry into the country's regulated digital asset market. The registration enables the entity to operate as a licensed provider of digital asset services under South Korean law.
This approval follows BitGo's broader expansion as a regulated institutional infrastructure provider. The company operates through federally chartered entities in the United States and authorized operations in Europe, positioning itself as a custodian and settlement layer for institutional clients. The Korea registration adds to this geographic footprint and allows BitGo to serve institutional investors seeking compliance with local regulatory frameworks.
The full scope of services BitGo will offer under its Korean VASP license and the timeline for launch remain unspecified in available reporting.