Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singaporeās status as a key financial hub in Asia, emphasizing BitGoās unique position in offering a comprehensive suite of services. Youngro Lee, CEO of Bitgo Singapore, noted that this milestone marks a new era for Bitgoās operations in Asia, enabling the company to deliver unparalleled digital asset solutions to clients in the region and beyond.
Bitgo Secures Major Payment Institution License in Singapore
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