According to Crowdfundinsider, digital asset infrastructure company BitGo has announced the official launch of its Brazilian subsidiary BitGo Brasil Tecnologia Ltda. The company's move is designed to strengthen its international expansion commitment and align with upcoming regulatory requirements for virtual asset service providers.
BitGo believes Brazil is moving towards requiring local management of encryption keys and is ready to provide this capability. By establishing a local presence, BitGo aims to ensure compliance, security and sovereignty when servicing Financial Institution Groups such as banks, brokerages and asset managers.
BitGo Establishes Subsidiary in Brazil to Provide Crypto Asset Custody and Digital Asset Management Services to Financial Institutions Group
2025-07-28 01:14:43
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