Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»BitGo Receives In-Principle Approval for Digital Asset License in Singapore
ADOPTION NEWS

BitGo Receives In-Principle Approval for Digital Asset License in Singapore

By Crypto FlexsJanuary 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BitGo Receives In-Principle Approval for Digital Asset License in Singapore
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

BitGo, a 10-year-old cryptocurrency custody company, has received in-principle approval from Singapore’s top financial regulator for a major payments institution license through its local entity.

The company said in a statement shared with The Block today that it has granted a formal license to BitGo Singapore Pte. Ltd., its Singapore-based subsidiary, can provide regulated digital payment token services in the city-state.

BitGo sees Singapore as an important hub for cryptocurrency innovation, and operating a cryptocurrency brokerage in the country “positions BitGo as a leading provider of digital asset services for institutional finance across APAC,” BitGo said in a statement. Yes.

A BitGo spokesperson told The Block that the company currently offers digital asset wallet and custody solutions in Singapore. Once fully licensed, we plan to expand our services to allow customers to buy and sell cryptocurrencies in refrigerated storage solutions built within Class III vaults.

“The Monetary Authority of Singapore’s forward-looking and risk-proportionate regulatory framework for digital assets and Singapore’s leading position as a financial centre, innovation hub and business gateway for APAC are key factors driving BitGo’s efforts to make Singapore its regional headquarters. . ” Hobeng Lim, BitGo’s APAC managing director, said in a statement.

In August 2023, BitGo Palo Alto, California; raised $100 million $1.75 billion valuation in Series C financing. The Block reported that the company plans to use the funds for strategic acquisitions and global expansion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

US administrators oppose FTX plan, arguing that creditors should not pay for data breaches

August 24, 2024

ARK Invest cashed out on Coinbase, selling 237,000 shares at $140 per share.

December 6, 2023

Bitcoin exceeds $ 97K as the central bank doubles the liquidity.

May 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.