BitGo Wins Approval To Become National Trust Bank
PositiveTechnology

- BitGo has received preliminary approval from the Office of the Comptroller of the Currency to convert its South Dakota trust company into a federally chartered national trust bank, joining four other cryptocurrency firms in this initiative. CEO Mike Belshe discussed the implications of this development on Bloomberg Markets with Matt Miller.
- This approval marks a significant step for BitGo, as it allows the company to expand its banking capabilities and potentially enhance its service offerings in the cryptocurrency sector, positioning it as a more competitive player in the evolving financial landscape.
— via World Pulse Now AI Editorial System
