{"id":24316,"date":"2023-11-01T14:04:31","date_gmt":"2023-11-01T14:04:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitgo-gains-crypto-custody-license-from-bafin-in-germany\/"},"modified":"2023-11-01T14:04:31","modified_gmt":"2023-11-01T14:04:31","slug":"bitgo-gains-crypto-custody-license-from-bafin-in-germany","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitgo-gains-crypto-custody-license-from-bafin-in-germany\/","title":{"rendered":"BitGo Gains Crypto Custody License from BaFin in Germany"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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A big milestone has been reached by BitGo, a U.S.-regulated cryptocurrency custody company, which is a significant breakthrough for the sector. BitGo\u2019s activities have significantly expanded with the issuance of a crypto custody license by the German Federal Financial Supervisory Authority (BaFin).<\/p>\n

Germany<\/a> has been a major force in the European cryptocurrency scene over time, especially when it comes to coin storage. The nation has enacted laws to make it easier for banks and other specialized custody providers to hold digital assets securely and provide associated services.<\/p>\n

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BitGo\u2019s authorization by BaFin marks a pivotal moment in the company\u2019s journey. Dejan Maljevic, the Managing Director of BitGo Europe, expressed his satisfaction, stating, \u201cBaFin is recognized as one of the world\u2019s key trendsetters in crypto regulation. It enables the progress that digital currencies entail while creating a secure regulatory framework. We have worked hard to obtain this license. Now we are pleased to have reached this milestone.\u201d<\/em><\/p>\n

BitGo\u2019s Storied History in Crypto Custody<\/h2>\n

Since 2019, BitGo, which is already governed by BaFin, has been actively keeping cryptocurrency assets for its clients. Their adherence to the transitional regulations set out by BaFin is indicative of their dedication to offering regulated and safe crypto custody services.<\/p>\n

BitGo\u2019s accomplishment in getting a crypto custody license from BaFin is evidence of the company\u2019s commitment to following strict regulations in the cryptocurrency industry. This accomplishment strengthens BitGo\u2019s standing as a reliable and law-abiding participant in the cryptocurrency custodial market.<\/p>\n

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This authorization emphasizes the necessity of a strong legal framework to accommodate the changing environment of digital assets and marks another important step toward the wider usage and acceptance of cryptocurrencies.<\/p>\n

With the addition of the BaFin approval, BitGo\u2019s regulatory portfolio is strengthened. This is in addition to the New York trust charter that it was granted in 2021 by the New York Department of Financial Services (NYDFS).<\/p>\n

In addition to demonstrating the company\u2019s goals, BitGo\u2019s increased operations and license in Germany also show how Europe\u2019s laws governing cryptocurrencies are changing.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) A big milestone has been reached by BitGo, a U.S.-regulated cryptocurrency custody company, which is a significant breakthrough for the sector. BitGo\u2019s activities have significantly expanded with the issuance of a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). Germany has been a […]<\/p>\n","protected":false},"author":34,"featured_media":24317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24316"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24316"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24317"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}