Goldman Sachs-backed cryptocurrency custodian BitGo has received approval from German financial regulator BaFin to operate in the European Union, Cointelegraph reported. BitGo Europe announced the receipt of the MiCA license on May 12.
The license allows BitGo to provide services to crypto-native companies and traditional financial institutions, including banks and asset managers. BitGo established its EU headquarters in Germany in 2023.
Founded in 2013, BitGo is a major platform in the cryptocurrency industry, focusing on crypto custody services. With its headquarters in Germany, BitGo has registered in several EU countries, including Italy, Spain, Poland, and Greece.
BitGo said the MiCA license enables it to operate across the European Union and provide a wide range of institutional-grade digital asset solutions. BaFin’s official records do not reflect BitGo’s MiCA license as of May 12.