Bitgo receives MICA license from Bafin: EU-wide crypto-custody expansion, while European banks exceed North America's total volume in the crypto area

Bitgo receives MICA license from Bafin: EU-wide crypto-custody expansion, while European banks exceed North America's total volume in the crypto area

Bitgo receives MICA license from Bafin: A milestone for crypto storage in Europe

Bitgo, a leading company in the field of crypto-assets, has received a mica license (Markets in Crypto-Assets) from the Federal Financial Supervisory Authority (BAFIN). This approval marks a significant step for the company and opens up the opportunity to offer its services for crypto storage across the EU.

The license obtained will be able to manage a variety of crypto assets and thus meet the increasing requirements of the European market. This is particularly relevant because the banks in Europe now exceed total crypto management of North America, which indicates growing interest and increasing acceptance of cryptocurrencies and digital assets.

The Mica Ordinance aims to create a uniform rules for crypto-assets in the European Union and thus to ensure a safe and regulated environment for investors and companies. With the licensing of Bitgo, Bafin underlines progress in the direction of a clear regulatory framework for digital currencies in Europe.

The expansion of Bitgo to Europe shows not only the dynamic development of the crypto industry, but also the trust of the supervisory authorities into the company's security and compliance standards. At a time when regulatory regulations are becoming increasingly strict, Bitgo positions itself as a reliable partner for institutions that want to enter the market of digital assets.

Overall, the preservation of the mica license is an important step for the further development and integration of crypto assets into the traditional financial systems of Europe. Bitgo will now be able to offer its innovative solutions and services of a broader target group and thus contribute to further professionalization of the cryptom market in the region.