Crypto Custodian Bitgo provides Mića license in Germany

The Cryptocurrenci for the custody of the Battle of the Goldman Sachs is the latest company Criptocurrenci to ensure regulatory approval for work throughout the European Union.

German Financial Regulator, Federal Financial Supervisory Authority (Bafin), Approved Bitgo Europe A Markets in regulating crypto-means (MICA)) License for the provision of EU digital assets services, firms announced 12. May.

The license allows you to offer services for crypto-domestic companies and traditional financial institutions, including banks and property managers in the EU.

“This license emphasizes our commitment to the highest standards of safety, transparency and trust,” said General Manager of the Bitgo Europe Harald Patt.

The Bitgo set up the EU 2023 seat

Established in 2013. in Palo Alta, California, the Bitgo is the main platform in the Kruptocurrency industry specialized in CRIPTO CUSTODIAL SERVICESholding cryptocurrency as bitcoin (Btc) on behalf of their clients.

The last regulatory milestone in Europe follows efforts to increase its presence in the EU, including Establishing a local seat in Frankfurt 2023. Years.

Since it is the installation of the Multiple registration in EU countries, including Italy, Spain, Poland and Greece.

“With MICA license, it is now insured, the case can work throughout the entire EU under the unique, prescribed regulatory framework,” said the company in the announcement.

“A wide range of institutional class solutions”

The Bitgo did not specify the services intended to be taken immediately under the new MICA license.

“Bitgo’s Mica License comes in the first moment as the text extends its product for the product to offer a wide range of institutional digital assets,” announcement was added.

Related: Teter Creo defends the decision to skip MICA registration for USDTT

From 12. May, Bafin’s official records are not yet think about The Bitgo’s Mica License, which shows only previously registrations.

Cointelegraph approached the bit for additional details about his Mici license, but did not receive a response until the moment of publication.

As mentioned earlier, Germany has appeared as the main jurisdiction for European companies looking for Mić’s registration, with Bafin issuing permits on several Companies, including Bitpunda and Digital detention Boerse Stuttgart, 2025. years.

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