BitGo Secures Full US Banking Regulatory Authorization
Digital asset custodian BitGo receives complete approval to operate as a bank in the United States, marking a significant milestone in the crypto industry.
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Terms & Concepts
- Digital asset custodian: A company that safeguards cryptocurrencies and other digital assets on behalf of clients.
- Regulatory authorization: Official approval granted by a government authority to operate within a specific industry or sector.
- Bank license: A legal permit allowing an institution to provide banking services, including deposits and loans, under regulatory oversight.