BitGo Korea secures VASP registration for crypto custody

The timing is the real story: securing registration two days before stricter entry requirements take effect turns a regulatory hurdle into a competitive moat, since later applicants will face a harder bar. The immediate beneficiaries are Korean institutions that need a regulated custody counterparty rather than offshore or self-managed arrangements. The open question is whether this early approval becomes a template, or whether the tightened regime slows the broader queue of custody hopefuls.