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BitGo Secures MiCA License from BaFin to Expand Digital Asset Services Across the European Union

  • On May 12, 2025, BitGo Europe GmbH, headquartered in Frankfurt, Germany, was authorized by BaFin to deliver digital asset services throughout the European Union under the Markets in Crypto-Assets regulatory framework.
  • The EU introduced MiCA regulations to unify digital asset rules across member states, prompting BitGo to secure authorization amid a surge in approvals and innovation.
  • BitGo, founded in 2013, provides institutional-grade custody, staking, wallets, and trading solutions and has expanded its European presence since establishing BitGo Europe GmBH in 2023.
  • Harald Patt, the head of BitGo Europe, emphasized that maintaining regulatory standards is fundamental to their role as a key player in the digital asset sector.
  • This MiCA license enables BitGo to expand services to crypto and traditional financial firms across the EU under a harmonized framework, highlighting its commitment to security and regulatory standards.
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PR Newswire broke the news in United States on Monday, May 12, 2025.
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