BitGo Secures Dual EU Authorization for MiCA and Payment Services
Crypto custody firm BitGo said its European entity has obtained dual regulatory approval in Germany, marking a significant milestone as the European Union rolls out its comprehensive digital asset regulatory framework.
Key Takeaways
- Dual Regulatory Approval: BitGo Europe received authorization from BaFin covering both MiCA and PSD2/ZAG frameworks.
- Focus on Stablecoin Payments: The licenses allow the company to support payment services tied to E-Money Tokens (EMTs).
- Germany as Regulatory Hub: The approvals position Germany as a base for regulated digital asset infrastructure within the EU.
- MiCA Expansion: The move highlights how firms are adapting to the EU’s new crypto regulatory regime.
The company announced that BitGo Europe has secured authorization from Germany’s financial regulator BaFin, allowing it to operate under both the Markets in Crypto-Assets Regulation (MiCA) and the Payment Services Directive 2 (PSD2) framework for services related to e-money tokens.
The EU regulatory landscape has a new benchmark. 🇪🇺
BitGo Europe has officially secured dual authorization from BaFin, holding both MiCAR and a PSD2/ZAG license specifically for EMT payment services.
While MiCAR is a huge milestone for the industry, many CASPs still face… pic.twitter.com/zzO1rjmUcg
— BitGo (@BitGo) March 9, 2026
Regulatory Infrastructure for MiCA
The approval enables BitGo to provide services supporting E-Money Tokens, a category under MiCA that includes stablecoins backed by fiat currencies.
While the MiCA regulation establishes the broader legal framework for crypto asset service providers across the European Union, companies dealing with EMTs must also comply with existing payment services regulations.
By securing both MiCA authorization and a PSD2/ZAG license, BitGo can offer infrastructure services to firms issuing or handling regulated stablecoins within Germany.
Addressing Industry Compliance Challenges
Many crypto asset service providers have struggled to navigate the overlapping requirements between MiCA and traditional financial regulations when dealing with stablecoins.
BitGo said its dual authorization is designed to help MiCA-licensed firms operate within the EU while ensuring compliance with the payment services rules that apply to e-money tokens.
The company added that it intends to act as a licensed partner for crypto firms needing regulated infrastructure to process EMT transactions within Germany and across the European market.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
