BIT obtains virtual asset license, VASP registration in British Virgin Islands

BIT (formerly Matrixport) has obtained an investment business license and Virtual Asset Service Provider (VASP) registration from the British Virgin Islands (BVI) Financial Services Commission (FSC), according to a PR Newswire press release. The approval was secured through its affiliate, Matrixport Technologies. This authorization allows Matrixport Technologies to arrange investment product transactions for institutional and professional investors and to provide regulated virtual asset services.