BitGo Gains In-Principle Approval from Authority to Operate in Singapore

BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step closer to offering specialized trading services for non-retail investors. With the full license in sight, BitGo Singapore Pte. Ltd. plans to expand its services in the city-state. The company aims to enable institutional clients to purchase and sell cryptocurrencies directly from its cold storage custody solution. Singapore’s regulatory clarity around digital assets, and its position as a leading innovation hub.

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