BitGo Receives Trust License From New York Regulators By CoinTelegraph

BitGo receives a fiduciary license from New York regulators

Leading US digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services.

According to an announcement, the new letter allows BitGo to provide escrow services for institutional clients in New York looking to make large investments in crypto in accordance with local regulations.

  • BitGo Seeks to Become a Qualified Cryptocurrency Custodian in New York State

With the new license, BitGo will provide Know Your Customer and Anti-Money Laundering controls and offer offline cold storage of crypto keys in bank-grade vaults, BitGo said.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read Also:  Why the affordable price will not save the updated LADA 4x4 from failure
Share on facebook
Share on pinterest
Share on twitter
Share on linkedin
Share on email


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.