{"id":129057,"date":"2025-05-12T09:15:28","date_gmt":"2025-05-12T09:15:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129057"},"modified":"2025-05-12T09:15:28","modified_gmt":"2025-05-12T09:15:28","slug":"crypto-custodian-bitgo-secures-mica-license-in-germany","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129057","title":{"rendered":"Crypto custodian BitGo secures MiCA license in Germany"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGoldman Sachs-backed cryptocurrency custody firm BitGo is the latest cryptocurrency company to secure regulatory approval to operate across the European Union.<br \/>\nGermany\u2019s financial regulator, the Federal Financial Supervisory Authority (BaFin), granted BitGo Europe a Markets in Crypto-Assets Regulation (MiCA) license to provide digital asset services in the EU, the firm announced on May 12.<br \/>\nThe license allows BitGo to offer services to crypto-native firms and traditional finance institutions, including banks and asset managers within the EU.<br \/>\nSource: BitGo\u201cThis license underscores our commitment to the highest standards of security, transparency, and trust,\u201d BitGo Europe managing director Harald Patt said.<br \/>\nBitGo set up the EU headquarters in 2023<br \/>\nFounded in 2013 in Palo Alto, California, BitGo is a major platform in the cryptocurrency industry specializing in crypto custodial services, holding cryptocurrencies like Bitcoin (BTC) on behalf of its clients.\u00a0<br \/>\nBitGo\u2019s latest regulatory milestone in Europe follows efforts to increase its presence in the EU, including establishing local headquarters in Frankfurt in 2023.<br \/>\nSince setting up BitGo Europe in Germany, BitGo has received multiple registrations in EU states, including Italy, Spain, Poland and Greece.<br \/>\n\u201cWith the MiCA license now secured, BitGo can operate across the entire EU under a unified, forward-looking regulatory framework,\u201d the firm said in the announcement.<br \/>\n\u201cBroad range of institutional-grade solutions\u201d<br \/>\nBitGo did not specify the services it intends to roll out immediately under the new MiCA license.<br \/>\n\u201cBitGo\u2019s MiCA licence comes at a pivotal moment as BitGo expands its product suite to offer a broad range of institutional-grade digital asset solutions,\u201d the announcement added.<br \/>\nRelated: Tether CEO defends decision to skip MiCA registration for USDT<br \/>\nAs of May 12, BaFin\u2019s official records did not yet reflect BitGo\u2019s MiCA license, showing only earlier registrations.<br \/>\nBaFin data on BitGo\u2019s registrations in Germany as of May 12, 2025, 8:30 am UTC. Source: BaFinCointelegraph approached BitGo for additional details on its MiCA license but did not receive a response by the time of publication.<br \/>\nAs previously mentioned, Germany has emerged as a major jurisdiction for European businesses seeking MiCA registration, with BaFin issuing licenses to several\u00a0companies, including Bitpanda\u00a0and\u00a0Boerse Stuttgart Digital Custody,\u00a0in 2025.<br \/>\nMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/bitgo-crypto-custody-mica-license-germany?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGoldman Sachs-backed cryptocurrency custody firm BitGo is the latest cryptocurrency company to secure regulatory approval to operate across the European Union. Germany\u2019s financial regulator, the Federal Financial Supervisory&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129057"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129057"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129057\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129057"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}