BitGo Granted Major Payment Institution License by Monetary Authority of Singapore
Singapore Firm Becomes Leading Crypto Custodian
BitGo, a leading infrastructure provider of digital asset solutions, has secured a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS).
This license enables BitGo to provide a wider range of regulated digital asset services in Singapore, including custody, trading, and payment settlement.
The MPI license is a significant milestone for BitGo, as it demonstrates the firm's commitment to regulatory compliance and its ambition to be a trusted provider of digital asset infrastructure.
In a statement, BitGo CEO Mike Belshe said, "This license is a testament to the hard work and dedication of our team, and it reinforces our position as a leading provider of digital asset infrastructure.".
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