BitGo just became the first global crypto firm to build a fully regulated entity from scratch in South Korea, landing a virtual asset service provider license to offer institutional-grade custody and transfer services — all while retail trading slows down globally. With local security, anti-money laundering controls, and big-name partners like Hana Financial Group and SK Telecom backing the move, BitGo is positioning itself as the go-to infrastructure for Korea’s growing institutional market, even as Bitcoin prices swing and its own stock surges on the news.
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