MarketPR
Korean regulators accepted BitGo Korea's virtual asset service provider registration on Tuesday, clearing the institutional custody firm to operate in the market under existing entry standards.
The acceptance landed two days before stricter VASP requirements took effect. That two-day margin is the operative detail.
Firms completing VASP registration before the new standards kicked in did so under the older, less demanding criteria. The tighter framework now applies to any firm seeking entry from that point forward.
BitGo Korea's business is institutional custody: the infrastructure that lets institutional clients hold digital assets without managing private keys themselves.
Keep reading