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06/17 06:58

BitGo offers Europe’s crypto firms a MiCA-complian

#World Cup Predictions: 100,000 USDT Daily BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms 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. “All of your clients can be onboarded and have sub-accounts inside of BitGo,” Belshi said in an interview. “Now, they are your clients: you help them with support, you help them with all of the products, you do all that stuff, we don't do any of that. But they are now in segregated safe storage that's MICA-compliant. You can now go about your business.” Eligible businesses may also continue to evaluate or pursue their own MiCA-focused crypto asset service provider (CASP) licenses in parallel while integrating BitGo Europe’s infrastructure, BitGo said. The final deadline for crypto firms to have transitioned to the MiCA regime is the end of this month, a regulatory reckoning that will force some firms to close down their businesses. Industry estimates suggest that Europe had more than 3,000 registered crypto firms as of 2024, with Poland alone accounting for over 1,400 registrations. As of May 2026, there are 194 authorised CASPs (including credit institutions) and it is expected that around 75% of the pre-MiCA population will lose registration

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