BitGo Provides a "Life Preserver" for European Crypto Companies to Comply with MiCA; Deadline at Month's End Approaching

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Deep Tide TechFlow News, June 17, According to CoinDesk, as the final deadline for the European MiCA regulatory transition period (at the end of this month) approaches, BitGo, regulated by Germany's BaFin, announced that its Crypto-as-a-Service platform can provide European crypto companies with a more convenient MiCA compliance pathway, without building an independent compliance operation from scratch.

Companies only need to connect their existing wallets to the BitGo wallet system, complete KYC procedures that meet MiCA requirements, and customer assets can be stored in compliant segregated custody accounts. Meanwhile, companies can still apply for their own CASP license in parallel.

Regarding costs, BitGo CEO Mike Belshe stated that the fees are relatively low, with a minimum monthly fee of a few thousand dollars, and they offer two plans: one based on transaction volume and one with a fixed rate.

According to legal firm Hogan Lovells, as of May 2026, only 194 CASPs have been authorized in Europe, and it is estimated that about 75% of pre-registered crypto companies under MiCA will lose their registration eligibility after the transition period ends.

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