BitGo Gets a German Crypto Custody License!
BitGo has been granted a crypto custody license by the German Federal Financial Supervisory Authority (BaFin). This follows approval from the New York Department of Financial Services for a New York trust charter earlier this year. BitGo has been storing crypto assets for its customers since 2019, under BaFin supervision as part of a transitional regime. Germany has become a leading country in Europe for crypto safekeeping, passing laws to encourage banks and custody specialists to handle digital assets and offer related services.