BitGo, a cryptocurrency custody firm backed by Goldman Sachs, has obtained a MiCA license from Germany's Federal Financial Supervisory Authority (BaFin). This license allows BitGo to provide digital asset services across the EU, catering to both crypto-native firms and traditional finance institutions such as banks and asset managers. With the establishment of BitGo Europe in Germany in 2023, the company has made significant strides in enhancing its presence in the EU, achieving multiple registrations in countries like Italy, Spain, Poland, and Greece. The MiCA license positions BitGo to operate under a unified regulatory framework, expanding its product offerings to provide institutional-grade digital asset solutions. Although the specific services under the new license were not detailed, BitGo expressed that this regulatory milestone reinforces its commitment to security, transparency, and trust within the industry.

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