In brief
- BitGo has become one of the first U.S. firms to receive approval under the EU’s unified crypto rules.
- The license enables institutional crypto custody services throughout Europe without country-specific approvals.
- The move comes as Europe irons out the implementation of its comprehensive digital asset framework.
BitGo has secured regulatory approval from Germany’s Federal Financial Supervisory Authority, BaFin, enabling the U.S. crypto custody provider to expand its services across the European Union’s member countries.
The license positions BitGo as one of the first American digital asset firms to gain recognition under the EU’s Markets in Crypto-Assets (MiCA) framework, a unified regulatory system, rolling out crypto custody…
May 12 2025
