Aug 27, 2026
BitGo Korea became the first foreign cryptocurrency firm to receive regulatory approval as a virtual asset service provider in South Korea, while lawmakers introduced legislation to expand authorities' power to investigate unregistered crypto businesses.
BitGo Korea became the first foreign cryptocurrency firm to receive regulatory approval as a virtual asset service provider in South Korea, while lawmakers introduced legislation to expand authorities' power to investigate unregistered crypto businesses.
BitGo Korea has received virtual asset service provider (VASP) registration from South Korea's Financial Intelligence Unit, becoming the first overseas crypto company to build a local entity from scratch and complete the registration process directly. The joint venture is backed by Hana Financial Group and SK Telecom.
BitGo Korea received virtual asset service provider registration from Korea's Financial Intelligence Unit, becoming the first foreign custody provider to build a VASP-registered entity from scratch rather than acquiring a local firm.
Coinbase, Block, BitGo and dozens of other cryptocurrency companies signed a Bitcoin Policy Institute letter calling on AI labs to provide qualified security researchers with access to advanced AI models, arguing that current safety guardrails block legitimate defenders while attackers face no such restrictions.
BitGo has replaced LayerZero with Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for Wrapped Bitcoin (WBTC), bringing the total value of assets migrating from LayerZero to Chainlink to approximately $14.6-15 billion following recent security concerns.
Stablecoin issuer Circle announced plans to launch cirBTC, a 1:1 Bitcoin-backed token on Ethereum aimed at institutional users seeking DeFi market access. The move positions Circle to compete with existing wrapped Bitcoin providers BitGo and Coinbase.
A New Hampshire state authority received a provisional Ba2 (speculative-grade) rating from Moody's for a first-of-its-kind bitcoin-backed municipal bond. BitGo will serve as custodian and liquidation agent, marking an early test of crypto as collateral in traditional public finance markets.