The BitGo custodian received a MiCA license from the German regulator.

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What happened? The infrastructure provider for cryptocurrencies, BitGo, received a license in accordance with the EU-wide Markets in Crypto-Assets Act (MiCA) from the German Financial Supervisory Authority (BaFin). This allows the company to offer regulated digital asset services in all countries of the bloc.

What else is known? This step involves the expansion of BitGo Europe GmbH, which was founded in Frankfurt in 2023 as BitGo's headquarters in the EU.

She already has registrations in several EU member states, including Italy, Spain, Poland, and Greece. With the acquisition of the MiCA license, BitGo can operate across the EU under a unified regulatory framework.

Now BitGo will be able to serve both crypto companies and traditional financial institutions, including banks and asset management firms.

The company continues to expand its range of services, which already includes storage, wallets, trading, settlements, and staking, including Bitcoin staking through the Babylon protocol.

Last month, the media reported that BitGo is exploring the possibility of obtaining a banking license in the USA.

It was previously reported that the issuer of the largest stablecoin by market capitalization, USDT Tether, will not apply for a MiCA license to operate in the EU.

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