BitGo secures South Korea virtual asset license, says it's the first global crypto company to do so

Backed by Hana Financial Group and SK Telecom, BitGo Korea built a locally registered entity from scratch to serve institutional and enterprise clients, rather than taking the acquisition route.

The top 3

  1. Countries with Highest Crypto Adoption Rates: India leads global crypto adoption with approximately 119 million crypto owners in 2024, followed by Vietnam with 20.3% to 21.2% of its population owning digital assets, and the UAE with the highest per-capita adoption at about one-third of its population.
  2. Nations Leading in Crypto Regulatory Frameworks: The EU's Markets in Crypto-Assets (MiCA) regulation, fully effective by December 2024, provides a comprehensive framework across member states, while Switzerland offers clear guidance from FINMA on crypto matters. Japan boasts one of the world's most advanced legal frameworks for digital assets, particularly for stablecoins.
  3. South Korea's Crypto Market Size and Influence: As of February 2025, over 16 million South Koreans, roughly 32% of the population, held crypto accounts, surpassing stock investors. The country's crypto market reached approximately $77.5 billion in late 2024, nearly doubling from mid-2024, and recorded about $130 billion in on-chain transactions between July 2023 and June 2024, making it East Asia's leading crypto market.

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