BitGo offers Europe’s crypto firms a MiCA-complian
BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms#HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge
As the deadline looms for crypto companies to obtain licenses in Europe, BitGo (BTGO) is offering firms an easier transition to Markets in Crypto Assets (MiCA) compliance, the listed technology firm said on Wednesday.
BitGo Europe, which is authorized by the German regulator BaFin, says its Crypto-as-a-Service platform provides crypto players across Europe an alternative way to navigate MiCA, rather than the burden of building a standalone regulated crypto operating stack from the ground up, according to a press release.
BitGo CEO Mike Belshi said that if a firm is running wallets and does not have a MiCA license, they can sign up with BitGo easily integrate their wallets into BitGo wallets, with the proviso that certain know-your-customer (KYC) work aligned with MiCA would have to be done.
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