Odaily Planet Daily News: Cryptocurrency custodian BitGo announced on Friday that it has received conditional approval from the Office of the Comptroller of the Currency to transform into a banking institution. It is reported that once final approval is obtained, BitGo will convert its trust company registered in South Dakota into a federally chartered national trust bank and will be able to custody digital assets and certain non-deposit financial assets, as well as provide regulated cryptocurrency-related services without the need for state-by-state approvals. The company expects to receive final approval soon. (WSJ)