BitGo becomes first foreign firm to secure VASP license in South Korea
- —BitGo is the first foreign firm to hold a VASP license in South Korea
- —The license was obtained via a partnership with Hana Bank
- —The process took nearly three years of regulatory work
Why it matters: The approval gives foreign custodians a path into South Korea's institutional market and sets a precedent for other firms.
Source: Coinfomania