BitGo has secured regulatory approval from Germany's BaFin, allowing it to expand its digital asset custody services across all 27 EU member states under the new Markets in Crypto-Assets (MiCA) framework. This license positions BitGo as one of the first U.S. firms to gain recognition under these comprehensive EU rules. The approval is seen as a significant milestone in BitGo's expansion, supporting both cryptocurrency-native companies and traditional financial institutions looking to adopt digital assets. Harald Patt, managing director of BitGo's European arm, emphasized the firm's commitment to high standards of security and transparency. Following its establishment of a European headquarters in Frankfurt, BitGo has also registered in countries like Italy and Spain. The company joins other crypto businesses, such as Circle, that are pursuing EU credentials in a rapidly evolving regulatory environment.

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