BitGo Gains In-Principle Approval from Authority to Operate in Singapore

Last updated: January 10, 2024 03:28 EST . 1 min read Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.

Source: Pixabay / sasint

BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license.

According to a social media post published by the established American digital asset custody firm, BitGo is one step closer to offering specialized trading services for non-retail investors.

BitGo receives in-principle approval from the Monetary Authority of Singapore (MAS).

This expands our global footprint and provides APAC with regulated, secure and trusted solutions.

We applaud Singapore’s sound, clear and robust regulatory framework for digital assets.