TechFlow news, May 12 — According to Decrypt, U.S. crypto custodian BitGo has received regulatory approval from Germany's Federal Financial Supervisory Authority (BaFin), enabling it to expand its services across all 27 European Union member states. This makes BitGo one of the first U.S. digital asset firms to gain recognition under the EU’s Markets in Crypto-Assets (MiCA) framework.
Harald Patt, Managing Director of BitGo Europe, said the license demonstrates the company's "commitment to the highest standards of security, transparency, and trust." The company established its EU headquarters in Frankfurt in 2023 and has already registered operations in countries including Italy, Spain, Poland, and Greece.
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