Bitgo, a American company giving Digital Asset Custody, Wallet and Safety Services and Products for Cryptocurrency, has gained great success. Germany’s financial regulator Federal Monetary Supervisory Authority (Bafin) has issued Markets in Crypto-Property Legislation (MICA) license to provide its services to Bitgo in the European Union (EU). The company gets this license on 12 May 2025, which allows Bitgo to serve the crypto-element companies and conventional monetary establishments such as banks and asset managers.
The impact of Bitgo is increasing rapidly in the world
American Company Bitgo was launched in 2013 at Pello Alto, California. BITGO ranks prominent among companies offering Crypto Custodial services. The company works safely to securely make Bitcoin and other Virtual Property for its clients. Now after getting MICA license in Germany, the company can work under the integrated regulatory structure throughout the European Union.
Importance of Mica License:
The BITGO company license may have been given by Germany, but the company will now be able to work in the entire European Union. In fact, the company is considered an important step to bring the MICA license to the Cryptocurrency and Virtual Property in the regulatory realm. This license allows crypto companies to implement the necessary measures to provide transparency and security in financial markets.
Bitgo’s European expansion
Bitgo in Europe in 2023 Frankfurt I had established my headquarters in. After this, the company also registered for its services in countries like Italy, Spain, Poland and Greece. After obtaining the MICA license, Bitgo is now allowed to expand its services throughout the European Union.
What services will provide in the European Union?
Although the BITGO company has not given detailed information about the services to be provided under the new MICA license, the company has said in its announcement that it is planning to serve the institutional grade virtual property. These services will be especially suitable for large investors and institutions, which require safe and regulator pleasant services.
Safe option for large institutions
Bitgo’s MICA License It is also considered to be a milestone because there are many such financial institutions in Europe, then you want to invest in cryptocurrency, but they want to avoid or be cautious to any kind of Monetary Possibility and Regulatory Violation. BITGO will now be able to give safe and trusted Crypto Custodian to large financial institutions throughout the European Union. In such a situation, now the Crypto Marketplace can also be expected to bounce in the European Union.
Anti-Fishing and Data Security
Under the MICA license, the BITGO company will have to follow Anti-PHISHING and data safety standards. This means that the company will not only have to provide security to the virtual property of its users, but also to create a strong system to avoid any kind of fraud.
What is MICA license and why it is necessary
The European Union (EU) has a license under Crypto Property (MICA) Legislation for providing services related to cryptocurrency and digital assets. The law passed in the European Union in the year 2023 and has come into force from 2024-2025. Through this license, the Crypto market in the European Union is to make the market regular, transparent and safe. The MICA license is valid throughout the European Union, which creates an activity and clear regulatory structure for all companies and service providers associated with crypto assets. Without MICA license, no exchange, wallet provider or stablecooin can give its service in EU.
Conclusion
Bitgo’s Mica license is an important step in Crypto Trade. This will not only make the trade of cryptocurrency more secure and transparent in the European Union, but will also help large financial institutions to provide custodian services of Crypto Property. The move will not only strengthen the position of Bitgo, but it will also promote the trust of Institutional Buyers in the Crypto region.
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