BitGo Korea just secured VASP registration, two days before South Korea's stricter rules.
This isn't about BitGo. It's about the timing. They got in under the wire, avoiding new shareholder scrutiny and tighter financial requirements.
The desk's read: this is the last easy institutional on-ramp in Korea. Future entrants face a higher bar. Fewer players, potentially less competition for custody. Good for established players like BitGo. It signals a maturing, restricted market.
The window for easy regulatory entry is closing fast. $BTC
This isn't about BitGo. It's about the timing. They got in under the wire, avoiding new shareholder scrutiny and tighter financial requirements.
The desk's read: this is the last easy institutional on-ramp in Korea. Future entrants face a higher bar. Fewer players, potentially less competition for custody. Good for established players like BitGo. It signals a maturing, restricted market.
The window for easy regulatory entry is closing fast. $BTC