[BitGo Korea Subsidiary Completes VASP Registration, Becomes First Licensed Foreign Crypto Company] According to Yonhap News Agency, BitGo Korea, the Korean subsidiary of BitGo, received approval for its VASP registration application from the Financial Intelligence Unit (FIU) on August 18, becoming the first foreign crypto company subsidiary to directly complete VASP registration in South Korea. Established in 2024, BitGo Korea directly meets regulatory requirements to enter the market and will subsequently provide virtual asset custody and transfer services in South Korea, expanding its business to financial institutions and corporate clients.