BitGo says its Crypto-as-a-Service platform offers MiCA route in Europe
BitGo said its BaFin-regulated platform can help eligible crypto firms keep operating in Europe as MiCA licensing tightens and only a fraction of pre-MiCA registrants have secured authorization.
Fact Check
Four independent outlets — the originating CoinDesk report plus crypto.news, Cointelegraph, and CryptoBriefing — consistently confirm every element of the claim: BitGo's platform is BaFin-regulated; it offers a Crypto-as-a-Service route to help eligible crypto firms keep operating under MiCA ahead of the July 1, 2026 deadline; and only a fraction of pre-MiCA registrants have secured authorization (crypto.news cites ~75% of 3,000+ registrants at risk and only 194 authorized CASPs by May 2026). No conflicting evidence was found.
Summary
BitGo said its Crypto-as-a-Service platform offers eligible crypto firms in Europe an alternative route to navigate MiCA, the European Union’s crypto regulatory framework, as the bloc moves toward a stricter licensing regime. The company said more than 3,000 crypto firms had registered across Europe before MiCA, but only 194 had secured authorization by May 2026. It positioned its BaFin-regulated offering as a compliance-focused way for qualifying firms to continue operating while adapting to the EU’s new market rules.
Terms & Concepts
- Crypto-as-a-Service: A service model that lets firms use outsourced crypto infrastructure and related operational capabilities.
- MiCA: The European Union’s regulatory framework for crypto-asset markets and service providers.
- BaFin: Germany’s financial regulator, which supervises certain licensed financial activities.