BitGo Licensed to Custody Crypto Assets in Germany: A German Crypto Love Affair

BitGo Secures Crypto Custody License in Germany

BitGo secures cryptocurrency custody license in Germany

Well, well, well, look who’s got a brand spanking new license! Crypto custody giant BitGo is now officially licensed to carry out its business in Germany, according to a recent CoinDesk report. It seems that BitGo has won the heart of the German Federal Financial Supervisory Authority (BaFin) with its charm and impeccable track record.

Now, you may be wondering, why Germany? But let me tell you, my fellow digital asset enthusiasts, Germany is making a name for itself in the crypto world. They’ve rolled out the red carpet and created a warm and welcoming environment for crypto custody and related services. It’s like Germany has a crush on digital assets!

Dejan Maljevic, the managing director of BitGo Europe, couldn’t help but sing BaFin’s praises. In a statement, he called BaFin “one of the world’s key trendsetters in crypto regulation.” Talk about sweeping someone off their feet! Maljevic also highlighted how BaFin enables progress in the world of digital currencies while keeping everything safe and secure. It’s like BaFin is the superhero of the crypto kingdom, always there to protect and nurture.

But wait, there’s more! This new license is just the beginning for BitGo. They’re on a mission, my friends. A mission of global expansion! They’re not satisfied with conquering just Europe. They’re setting their sights on the Middle East and Asia too. It’s like BitGo is the James Bond of the crypto world, jetting off to exotic locations and leaving their mark wherever they go.

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As if that’s not impressive enough, BitGo’s client base has skyrocketed by a jaw-dropping 60% in just seven years. And that’s not all. Their assets under custody have smashed through the $60 billion mark like a bull in a china shop. It’s like BitGo is the heavyweight champion of the crypto world, taking on any challenge that comes their way with finesse and flair.

So, dear readers, let’s raise a glass to BitGo and their German love affair. Cheers to their success, and here’s to more exciting adventures in the world of digital assets! Let’s continue to watch as BitGo spreads its wings across the globe, bringing more security and efficiency to the exciting world of cryptocurrencies.

This article may contain exaggerated metaphors and humorous puns. Reader discretion is advised.

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