BitGo Secures Regulatory Approval in Singapore
Prior to obtaining the license, BitGo provided services to users in Singapore and the Asia-Pacific region, but the services provided only included custody services for trusts and hot wallets in South Dakota, USA.
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Expansion of Services in the Asia-Pacific Region
With the regulatory approval in Singapore, BitGo is now able to expand its services in the Asia-Pacific region. The company can now offer a wider range of services to users in Singapore, including custody services for digital assets and investment products.
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Enhanced Security Measures
BitGo’s regulatory approval in Singapore also means that the company has had to meet strict security standards set by the Monetary Authority of Singapore (MAS). This ensures that users’ digital assets are safe and secure while being stored with BitGo. The company has implemented robust security measures to protect against cyber threats and hacking attempts.
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Future Plans for BitGo
With the regulatory approval in Singapore, BitGo is now looking to further expand its services in other countries in the Asia-Pacific region. The company aims to become a leading provider of digital asset custody and security solutions in the region. By obtaining regulatory approval in key markets, BitGo is positioning itself for future growth and success.
In conclusion, BitGo’s regulatory approval in Singapore is a significant milestone for the company and opens up new opportunities for expansion in the Asia-Pacific region. The company’s enhanced security measures and future plans signal a bright future ahead for BitGo as it continues to provide top-notch services to users around the world.
