U.S. authorities allowed BitGo to store cryptocurrency

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September 14, the banking services Department of the government of South Dakota (USA) allowed the company BitGo to provide services for the storage of cryptocurrency on the territory of the state.

BitGo is one of the leaders in the market of security systems for networks, the blockchain, in addition, the firm cooperates with major cryptocurrency investors. The company performs monthly transactions in bitcoin of $15 billion, it accounts for 15% of all remittances to Bitcoin!

The news about the launch of custodian services commented CEO of BitGo, Mike Belch:

“Companies that provide services for storage of Fiat currency do not have sufficient experience in working with digital assets. BitGo is a qualified company and the sole provider of custody service that ensures highest level of safety and compliance with the law”.

Storage service cryptocurrency from BitGo will be appreciated by clients who want to keep their savings in a safe place. Key features storage BitGo include:

  • Support for more than 75 cryptocurrency.
  • The possibility of creating multi-user accounts.
  • Quick check-in.
  • Round the clock support.
  • Storage of crypto-currencies in cold wallets.

At the moment the company operates in 50 countries, including in Russia. Thanks to permission from the authorities of South Dakota, the company will be able to expand its business in the United States, in the near future the management BitGo will submit bids in other States.

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