- BitGo is offering a BaFin-regulated Crypto-as-a-Service platform to help European crypto firms achieve MiCA compliance before the end-of-month deadline.
- Crypto companies can integrate their wallets into BitGo’s MiCA-compliant infrastructure instead of building their own regulated operating stack.
- BitGo’s solution allows firms to onboard customers into segregated, MiCA-compliant storage while retaining control over customer relationships and support.
- Eligible businesses can continue pursuing their own Crypto Asset Service Provider (CASP) licences while using BitGo Europe’s infrastructure.
BitGo is providing businesses with an easier transition to Markets in Crypto Assets (MiCA) compliance as the deadline for crypto companies to seek licenses in Europe approaches, the listed technology company announced on Wednesday.
BitGo, the world’s largest independent institutional cryptocurrency custodian’s subsidiary BitGo Europe, which is approved by the German regulator BaFin, claims that its Crypto-as-a-Service platform offers cryptocurrency players throughout Europe an alternate method of navigating MiCA instead of the difficulty of creating a stand-alone regulated crypto operating stack from the ground up.
MiCA Deadline Looms For Europe’s Crypto Industry
In an interview, CEO & Co-founder of BitGo, Mike Belshe stated, “All of your clients can be onboarded and have sub-accounts inside of BitGo.”
They are now your customers, and you assist them with all of the products, services, and other things; we don’t provide any of it. However, they are currently in MICA-compliant, segregated safe storage. You can now carry on with your business.
While integrating BitGo Europe’s infrastructure, qualified companies may also continue to assess or pursue their own MiCA-focused crypto asset service provider (CASP) licenses concurrently, according to BitGo.
After July 1, firms without authorization can’t keep serving EU clients. Users shouldn’t be left scrambling because a platform is still waiting on approval.
BitGo Europe is already MiCA-licensed through BaFin and built to support regulated custody, transfer, staking, and trading… https://t.co/WljDU3tJP5
— Mike Belshe (@mikebelshe) June 16, 2026
The end of this month is the final deadline for cryptocurrency companies to have switched to the MiCA system, a regulatory reckoning that will compel some companies to shut down.
Up To 75% Of Europe’s Crypto Firms Risk Losing MiCA Registration
According to industry estimates, there were over 3,000 registered cryptocurrency enterprises in Europe as of 2024, with over 1,400 registrations in Poland alone.
According to the law firm Hogan Lovells, there are 194 authorized CASPs (including credit institutions) as of May 2026, and it is anticipated that around 75% of the pre-MiCA population will lose registration status as transitional periods expire.
Belshe added that regulators are aware of BitGo’s infrastructure solution that improves compliance, so businesses don’t have to fail due to MiCA’s regulations. According to Belshe, the cost of the crypto compliance service varies depending on the product and is often inexpensive.
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