BitGo Korea wins FIU VASP registration, paving way for institutional crypto custody in South Korea

BitGo Korea has obtained VASP registration from South Korea’s Financial Intelligence Unit (FIU), enabling the company to operate within the country’s regulated digital-asset framework. Multiple reports say the approval was granted on Aug. 19 and came just before stricter VASP entry requirements took effect two days later ^{[1] [2] [3]}.

The registration also marks a milestone for foreign involvement in South Korea’s crypto sector: one report describes BitGo Korea as the first foreign majority-owned VASP to receive the license. Other coverage characterizes the approval as opening the door to institutional custody services in South Korea as the new rules approach ^{[4] [5]}.

With VASP registration secured, BitGo Korea can offer regulated digital-asset services in South Korea, including institutional custody, under FIU oversight ^{[1] [3]}.