BitGo Korea secures VASP license

Crypto custody firm BitGo (BTGO) has completed its virtual asset service provider registration for its South Korean unit, Yonhap News reported. BitGo Korea, the company’s South Korean subsidiary, received approval for a VASP license from the Financial Intelligence Unit under South Korea’s Financial Services Commission on Aug. 18. BitGo said it chose to meet the regulatory requirements directly, rather than acquire an existing VASP operator, as it builds a long-term business base in South Korea.