BitGo Korea Becomes First New Korean Entity Established by a Global Digital Asset Company to Secure VASP Registration in South Korea
BitGo Holdings announced that its subsidiary BitGo Korea has received acceptance of its Virtual Asset Service Provider registration from the Korea Financial Intelligence Unit. BitGo Korea is the first newly established Korean entity of a global digital asset company to secure VASP registration for entry into the South Korean market since the country introduced the framework.
Why it matters — The approval marks a milestone for BitGo's regulatory foothold and market entry in South Korea, a significant jurisdiction for digital asset infrastructure operations.