The CRIPTO Custodian Bitgo provides a license from Germany Bafin to expand services in Europe

The Bitgo provided a mića license against Bafin, allowing it to offer regulated crypto services throughout the European Union.

CRIPTOCURRENCI CUSTODIAN Bitgo received markets in the regulation of crypto-funds – known and as Mica – a license of GermanyThe Federal Financial Supervisory Authority, allowing him to offer crypto services across Europe.

Monday Blog announcementThe article said that the permit was given to be Europe GmbH, its European entity was founded in 2023. year, which was already registered in several EU countries, including Italy, Spain, Poland and Greece.

“The Bitgo is now well positioned to serve both crippto-naturally companies and traditional financial institutions – such as banks and property managers – wanting to deal with digital means through a safe, compatible infrastructure supplier.”

Bitgo

Commenting on the license, the BiH Union “global innovation of the digital asset, which Mica-eGovers, has accused the new rules helped” accelerate institutional participation “, accelerates institutional participation”.

However, not everyone in the Cripto industry shared the Sitgow’s view. Some still believes This Mića can lead to certain companies to close or merge as they seek a larger scale to meet regulatory needs.

Mića has officially entered into force in late 2024. years, aimed to replace the previously fragmented regulatory landscape with one series of rules in all 27 EU member states. According to the analysts on the TRM Laboratory, only 17 crypto companies received approval within the Mića in seven EU countries, referring to European Securities and Organities.