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Reading Time: 2 minutes by Anthonia Isichei on March 4, 2021 Regulation California-based digital assets financial services company, BitGo, received a charter to operate in New York as an independent and regulated custodian. BitGo Scores New York Trust Charter According to an official announcement on Thursday (Mar. 4, 2021), BitGo was granted the trust license under the New York State Banking law by the New York State Department of Financial Services (NYDFS). The approval comes after BitGo’s earlier application to the NYDFS for a New York Trust Charter back in August 2020. With the new license, BitGo is able to act as a custodian to institutional clients in the state seeking to make large crypto investments. Also, the company would offer its New York clients an extensive crypto experience, fast onboarding, anti-money laundering (AML) and know your customer (KYC) controls, among other services.

New yorkUnited statesPete najarianMike belsheDepartment superintendent of financial services linda lacewellBitgo scores new york trust charterYork state department of financial servicesBitgo receives trust license from new yorkYork trust charterAnthonia isicheiNew york state bankingNew york state departmentFinancial servicesNew york trust charterNew york stateChief revenue officer pete najarian