BitGo seeks to become a qualified crypto custodian in New York state

Cointelegraph

Published Aug 27, 2020 08:48AM ET

Updated Aug 27, 2020 10:20AM ET

Digital asset financial services firm BitGo is applying to become a qualified cryptocurrency custodian in New York state.

In its announcement on Aug. 25, BitGo said its decision was spurred by fresh regulatory developments in the United States —- specifically, the Office of the Comptroller of the Currency’s recent granting of permission to federally chartered banks to custody cryptocurrencies.

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