BitGo receives regulatory approval to custody cryptoassets
The blockchain security startup's custodial service, BitGo Trust, has been approved by the South Dakota Division of Banking. BitGo can now offer its clients a regulated custodial service for cryptoassets. While BitGo has started the process of storing cryptoassets, under South Dakota law, the general public will have 30 days to file an appeal against the decision.
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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