BitGo has been approved as a guardian under the SIX Exchange Regulation Crypto-Asset Rule. This is an important milestone for the company as it tries to grow in the European crypto market.
An formal statement on X (formerly Twitter) says that the company can now offer regulated custodial services that are in line with Swiss financial rules.
This new approval from SIX Exchange, Switzerland’s main stock exchange, strengthens BitGo’s place as a reliable provider of safe and legal ways to store digital assets. The company Europe’s security services will also be backed by a $250 million insurance policy, which will protect its clients further.
BitGo Secures Singapore License
The company reached another important milestone when it got a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in early August.
Following a first agreement that was agreed upon in theory six months ago, this license lets the company offer regulated crypto payment services in Singapore.
BitGo is now one of 27 companies in Singapore that have full MPI licenses. This means that it can offer its Singaporean clients crypto storage, trading, and security services.
The main stock market in Switzerland, SIX market, is very important to the country’s economy. It deals in many kinds of securities, like stocks, bonds, and exchange-traded products. It is part of the SIX Group, which gives services like trading securities, getting financial information, and making payments.
