BitGo Secures MiCA License, Expanding in Europe

Crypto custody firm BitGo has received regulatory approval from Germany’s BaFin to operate across the EU under the Markets in Crypto-Assets Regulation (MiCA). This license allows them to serve both crypto and traditional financial institutions, expanding their presence throughout the entire EU. This move comes as other firms like Gemini pursue similar licenses within Europe. While BitGo’s exact service offerings are still unclear, this approval positions them to compete more effectively in the evolving European regulatory landscape.