BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
The financial services giant has not scratched its plans to open a desk for trading cryptocurrencies, contrary to a Business Insider report on September 5, 2018.
Currently for large issuers, it’s a given that you simply have to use investment banks. But assuming regulatory compliance, it doesn’t need to be this way.
Justin Schmidt, a former trader, has been serving as the enterprise’s first head of digital asset markets in the securities division since April 16, 2018.
While Bitcoin may not replace the U.S. dollar anytime soon, the underlying technology of the blockchain is certainly generating hype among mainstream financial institutions. Startups...
