BitGo provides MiCA compliance transition solutions to European crypto companies.

CoinFeed reported on June 17th that, according to CoinDesk, as the MiCA compliance deadline approaches, BitGo is offering compliance transition solutions to European crypto companies. BitGo Europe, authorized by Germany's BaFin, can help European crypto companies transition to the MiCA compliance framework through its crypto-as-a-service platform, eliminating the need to build independent compliant operating systems from scratch. BitGo's CEO stated that companies without a MiCA license can integrate their customers through the BitGo wallet. Customers will have independent sub-accounts within BitGo that comply with MiCA requirements, and the company will retain customer relationships and support services. Eligible companies can continue to evaluate or apply for their own MiCA licenses while integrating BitGo's infrastructure.