The digital asset company, BitGo, well-known for serving institutional clients, has expanded into Italy, joining other crypto custody providers.
BitGo Deutschland GmbH, the company’s German branch, has received approval from the Italian financial regulator Organismo Agenti e Mediatori (OAM). OAM is the “Body for the Management of Financial Agents and Credit Brokers Lists”.
The authorization is granted under a separate section relating to the use of virtual currency and digital portfolio services. On July 15, it was registered in the country to provide “digital wallet services”.
Also Read: BitGo is the First Qualified Custodian to Support NEAR Foundation