Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 13, 2025 at 23:30
EU's Regulatory Embrace: Germany Licenses Bitgo for Bitcoin and Digital Asset Services
Bitgo has made a significant move by securing a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s BaFin.
This license permits Bitgo to offer regulated digital asset services across the European Union.
The approval is a notable milestone for Bitgo Europe GmbH, which recently established its EU headquarters in Frankfurt.
In addition to Germany, Bitgo holds registrations in several other EU countries, including Italy, Spain, Poland, and Greece.
With this MiCA license, Bitgo can operate under a cohesive regulatory framework throughout Europe.
This development is expected to bolster Bitgo's support for both crypto-native enterprises and traditional financial institutions.
Harald Patt, Managing Director of Bitgo Europe GmbH, highlighted the firm's dedication to regulatory compliance.
He affirmed the commitment to maintaining high standards of security and transparency in its operations.
The licensing signifies a positive step towards greater legitimacy in the crypto space within the EU.
As the landscape continues to evolve, businesses are closely observing how such regulations will shape the future of digital assets.
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