BitGo secures cryptocurrency custody license in Germany

Crypto custodial firm BitGo reportedly secured a cryptocurrency custody license from the German Federal Financial Supervisory Authority (BaFin), Financial Magnate reported Nov. 1. The licensing represents a significant milestone for BitGo in Europe and highlights the important role BaFin plays in setting crypto regulation, according to Dejan Maljevic, the managing director of BitGo Europe.

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BitGo expands regulated crypto asset custody to Switzerland and Germany

BitGo, a provider of digital asset financial services, announced today that the company is expanding its global presence with new custodial entities in Switzerland and Germany. BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market Supervisory Authority (FINMA).

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Formosa Financial Adds BitGo Crypto Custody Service to Its Digital Asset Tool Set

Formosa Financial is a platform that is known for the one-stop financial services it offers involving the management of digital assets. In an effort to give their users more, they have decided to get involved with BitGo, which is the leader of security for institutional-grade cryptocurrency.

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Formosa Financial Integrates with BitGO

Formosa Financial to work with BitGo to Ensure Security of Clients’ Crypto Assets.

The post Formosa Financial Integrates with BitGO appeared first on CoinSpeaker.

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Novogratz: Bitcoin Will Breakout in 2019, But Institutions Still Want Crypto

Despite recently retracting his bullish claims that Bitcoin will surpass $10,000 by year’s end, Mike Novogratz still expressed that institutions are still poised to enter the crypto industry.

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Nasdaq To Acquire Swedish Crypto-Orientated Financial Service Provider Cinnober

Sweden-based Cinnober has participated in several large virtual coin and blockchain-related projects including cooperation with BitGo crypto wallet.

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BitGo Gets US Cryptocurrency Custody Approval

The South Dakota financial regulator gave the green light to the blockchain startup custodian service for institutional investors.

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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

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Morgan Stanley Eyes Bitcoin Swap Contracts Tied to Futures Prices

Morgan Stanley is joining Wall Street’s race toward an institutional-friendly bitcoin derivative. According to anonymous sources reporting to Bloomberg, the financial institution is devising price return swaps tied to bitcoin.

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BitGo Gets Approval From State Regulators to Launch Custody Service

BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.

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Line’s Cryptocurrency Exchange BITBOX Is Now Open for Business

Singapore-based cryptocurrency exchange BITBOX, which is also a division of Japanese internet giant Line Corporation, is now up and running. Operations began on July 16, 2018, and services are available in roughly 15 different languages to traders of every country except Japan and the U.

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Cinnober Trading Exchange and BitGo Crypto Wallet Security Partner

Cinnober and BitGo have announced that they will be collaborating to provide solutions to cryptocurrency exchanges. Cinnober is a global independent provider of exchange technology while BitGo is the market leader in institutional-grade cryptocurrency security.

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