TechFlow, July 28 — According to Crowdfundinsider, digital asset infrastructure company BitGo announced the official launch of operations for its Brazilian subsidiary, BitGo Brasil Tecnologia Ltda. This move aims to strengthen BitGo's commitment to international expansion and align with upcoming regulatory requirements for virtual asset service providers.
BitGo believes Brazil is moving toward requiring local custody of cryptographic keys, and the company is prepared to offer this capability. By establishing a local presence, BitGo intends to ensure compliance, security, and data sovereignty when serving financial institutions such as banks, broker-dealers, and asset management firms.
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