BitGo Launched Regulated Crypto Custodies In Two More Countries Of Europe


 The United States-based digital asset financial service firm BitGo launched the regulated crypto custody in the two more countries of Europe, reported on 10 February 2020.

According to the report, BitGo established the cryptocurrencies custody solutions in the Germany and Switzerland regulated by different financial authorities.

 “Switzerland and Germany have both become important European centers for digital assets as well as for forward-thinking regulatory frameworks. Regulatory compliance is a prerequisite for our clients, and we have been impressed with the understanding and support of Swiss and German regulators.”

Mike Belshe, CEO, BitGo

 BitGo GmbH is the Swiss entity of BitGo which is a member of the Financial Services Standards Association (VQF) and supervised by the Swiss Financial Market Supervisory Authority (FINMA). On the other hand, BitGo Deutschland GmbH is a German entity of BitGo which is providing the custodial services in Germany and waiting to apply for regulatory approval as the application window will open in November 2020.

Last month, The Swiss municipality of Zermatt start accepting bitcoin for the tax and other official payments from its local people

Recently, The bitcoin payments company Bitpay CEO Stephen Pair announced that the payment platform of Bitpay will integrate the bitcoin lightning network payments in the future.

Also Read: How to Earn Bitcoin? 13 Different Ways to Earn Bitcoin Free