As the deadline for European crypto companies to obtain their Markets in Crypto-Assets (MiCA) licenses approaches, BitGo is offering support services to help them more easily meet regulatory requirements. According to CoinDesk, BitGo Europe, which is authorized by the German Federal Financial Supervisory Authority (BaFin), explained that its 'Crypto-as-a-Service' platform provides an alternative for crypto companies across Europe to comply with regulations. The service is designed to reduce the burden on companies of having to build their own compliant operating systems from scratch. However, Know Your Customer (KYC) procedures compliant with MiCA regulations must be performed. BitGo will also help eligible companies continue to pursue MiCA-based Crypto-Asset Service Provider (CASP) licenses while utilizing its infrastructure.
