{"id":11991,"date":"2025-05-12T13:37:03","date_gmt":"2025-05-12T11:37:03","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11991"},"modified":"2025-05-12T13:37:03","modified_gmt":"2025-05-12T11:37:03","slug":"bitgo-achieves-mica-license-approval-in-germany","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/12\/bitgo-achieves-mica-license-approval-in-germany\/","title":{"rendered":"BitGo Achieves MiCA License Approval in Germany"},"content":{"rendered":"

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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.<\/p>\n

Germany\u2019s financial authority, the Federal Financial Supervisory Authority (BaFin), issued BitGo Europe a Markets in Crypto-Assets Regulation (MiCA)<\/a> license enabling the provision of digital asset services within the EU, as the firm declared<\/a> on May 12.<\/p>\n

The license permits BitGo to deliver services to cryptocurrency-centric companies and traditional financial institutions, such as banks and asset managers across the EU.<\/p>\n

Source: <\/em>BitGo<\/em><\/a><\/figcaption><\/figure>\n

“This license highlights our dedication to the utmost standards of security, transparency, and trust,” asserted BitGo Europe managing director Harald Patt.<\/p>\n

BitGo established its EU headquarters in 2023<\/h2>\n

Founded in 2013 in Palo Alto, California, BitGo is a prominent platform in the cryptocurrency sector, specializing in crypto custodial services<\/a>, managing cryptocurrencies such as Bitcoin (BTC<\/a>) on behalf of its clientele.<\/p>\n

BitGo\u2019s recent regulatory accomplishment in Europe follows initiatives to enhance its footprint in the EU, which includes establishing a local headquarters in Frankfurt<\/a> in 2023.<\/p>\n

Since the formation of BitGo Europe in Germany, the firm has obtained numerous registrations across EU nations, including Italy, Spain, Poland, and Greece.<\/p>\n

“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.<\/p>\n

\u201cComprehensive range of institutional-grade solutions\u201d<\/h2>\n

BitGo did not elaborate on the services it plans to introduce immediately under the new MiCA license.<\/p>\n

“BitGo\u2019s 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.<\/p>\n

Related: <\/strong><\/em>Tether CEO defends choice to bypass MiCA registration for USDT<\/strong><\/em><\/a><\/p>\n

As of May 12, BaFin\u2019s official records did not yet reflect<\/a> BitGo\u2019s MiCA license, displaying only previous registrations.<\/p>\n

BaFin data on BitGo\u2019s registrations in Germany as of May 12, 2025, 8:30 am UTC. Source: BaFin<\/em><\/figcaption><\/figure>\n

Cointelegraph reached out to BitGo for further information regarding its MiCA license but did not receive a response by the time of publication.<\/p>\n

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<\/a> and Boerse Stuttgart Digital Custody<\/a> in 2025.<\/p>\n

Magazine: <\/strong><\/em>Crypto aimed to displace banks, now it\u2019s transforming into them in stablecoin conflict<\/strong><\/em><\/a><\/p>\n