While the full permission is being processed, BitGo may continue operations with this license.
This authorization follows BitGo’s acquisition of a crypto custody license in Germany last year.
The BitGo crypto custody firm has received an in-principle approval for a Major Payment Institution (MPI) license via its local entity from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS). A post on Twitter declared the in-principle approval by the corporation.
This authorization follows BitGo’s acquisition of a crypto custody license in Germany from BaFin, the country’s Federal Financial Supervisory Authority, on October 24, 2023. As part of a transitional regime, BitGo has been keeping crypto assets like Bitcoin for its customers since 2019 under the supervision of BaFin before getting the BaFin license.
Exempt from Transaction Limits
While the full permission is being processed, BitGo may continue operations with this license, allowing them to serve customers
We współpracy z: https://thenewscrypto.com/bitgo-secures-in-principle-approval-for-mpi-license-by-singapores-mas/
