BitGo Offers MiCA Compliance Solution as Europe Crypto License Deadline Nears

Crypto custody company BitGo is offering European digital asset firms a faster way to comply with the European Union’s Markets in Crypto-Assets regulation, known as MiCA, before the final licensing deadline arrives at the end of June.

BitGo Europe, which operates under approval from Germany’s financial regulator BaFin, announced that its Crypto as a Service platform can help eligible crypto companies continue operating without building their own fully regulated infrastructure from scratch.

According to BitGo CEO Mike Belshe, firms that currently manage crypto wallets without a MiCA license can integrate directly with BitGo’s regulated wallet system while still maintaining control over customer relationships and support services.

MiCA Rules Could Force Many Crypto Firms to Shut Down

The new MiCA framework is expected to reshape Europe’s crypto market as transitional periods expire across the region. Industry estimates show Europe had more than 3,000 registered crypto firms before MiCA implementation, including over 1,400 in Poland alone.

Legal experts estimate that nearly 75% of previously registered firms could lose their operating status if they fail to meet the new licensing requirements.

BitGo Sees Demand for Affordable Compliance Services

BitGo said companies can continue applying for their own Crypto Asset Service Provider licenses while using its regulated infrastructure. The company added that pricing depends on transaction volume and service type, with entry-level plans starting at a few thousand dollars per month.