The cryptocurrency custody enterprise BitGo, backed by Goldman Sachs, is the newest digital currency firm to receive regulatory clearance for operations throughout the European Union.
Germany’s financial authority, the Federal Financial Supervisory Authority (BaFin), issued BitGo Europe a Markets in Crypto-Assets Regulation (MiCA) license enabling the provision of digital asset services within the EU, as the firm declared on May 12.
The license permits BitGo to deliver services to cryptocurrency-centric companies and traditional financial institutions, such as banks and asset managers across the EU.
“This license highlights our dedication to the utmost standards of security, transparency, and trust,” asserted BitGo Europe managing director Harald Patt.
BitGo established its EU headquarters in 2023
Founded in 2013 in Palo Alto, California, BitGo is a prominent platform in the cryptocurrency sector, specializing in crypto custodial services, managing cryptocurrencies such as Bitcoin (BTC) on behalf of its clientele.
BitGo’s recent regulatory accomplishment in Europe follows initiatives to enhance its footprint in the EU, which includes establishing a local headquarters in Frankfurt in 2023.
Since the formation of BitGo Europe in Germany, the firm has obtained numerous registrations across EU nations, including Italy, Spain, Poland, and Greece.
“With the MiCA license now secured, BitGo is positioned to operate throughout the EU under a unified, forward-thinking regulatory framework,” the firm stated in its announcement.
“Comprehensive range of institutional-grade solutions”
BitGo did not elaborate on the services it plans to introduce immediately under the new MiCA license.
“BitGo’s MiCA license arrives at a crucial juncture as BitGo broadens its product offerings to present a comprehensive range of institutional-grade digital asset solutions,” the announcement added.
Related: Tether CEO defends choice to bypass MiCA registration for USDT
As of May 12, BaFin’s official records did not yet reflect BitGo’s MiCA license, displaying only previous registrations.
Cointelegraph reached out to BitGo for further information regarding its MiCA license but did not receive a response by the time of publication.
As mentioned previously, Germany has emerged as a prominent jurisdiction for European enterprises seeking MiCA registration, with BaFin issuing licenses to several companies, including Bitpanda and Boerse Stuttgart Digital Custody in 2025.
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