BitGo becomes first global crypto firm to obtain South Korea virtual asset license

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BitGo has secured a virtual asset service provider license in South Korea, claiming to be the first global cryptocurrency company to achieve this. The firm established BitGo Korea as a locally registered entity, built from the ground up rather than through an acquisition. The venture is backed by major South Korean conglomerates Hana Financial Group and SK Telecom. BitGo Korea aims to serve institutional and enterprise clients in the South Korean market.

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