BitGo, a prominent digital asset custody provider, has been granted approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, allowing it to offer regulated custodial services in line with Swiss financial regulations. This approval strengthens BitGo's reputation as a provider of secure digital asset storage solutions and expands its operations within Europe's growing crypto market.

According to the announcement, BitGo Europe's custodial services will be backed by a $250 million insurance policy, providing an additional layer of security and assurance for clients. The company stated that this approval marks another milestone in its mission to make secure, regulated custody available for clients around the world.

The SIX Exchange, Switzerland's principal stock exchange, has granted this approval, signaling its confidence in BitGo's capabilities and commitment to compliance. This development is expected to further bolster BitGo's position as a trusted partner for institutional and individual investors seeking custody solutions for their digital assets within the European region.

Source: https://99bitcoins.com/news/bitgo-approved-as-custodian-under-six-exchange-regulations-expanding-europe-presence/

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