According to CoinDesk, BitGo, regulated by Germany’s BaFin, has launched a Crypto-as-a-Service platform to provide European crypto businesses with a MiCA compliance pathway. After integrating with BitGo’s wallet infrastructure and completing KYC, businesses can hold client assets in segregated custodial accounts while simultaneously applying for a CASP license. BitGo CEO Mike Belshe stated that the service has a monthly minimum fee of several thousand dollars, offering pricing models based on transaction volume or fixed rates. According to legal firm Hogan Lovells, as of May 2026, only 194 CASPs have been authorized in Europe, and approximately 75% of pre-MiCA registered crypto firms are expected to lose their registration status after the transition period ends.
BitGo Launches Compliance Service to Help European Crypto Firms Navigate MiCA Regulations
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Summary
BitGo, regulated by Germany’s BaFin, has launched a Crypto-as-a-Service platform to help European crypto firms comply with MiCA. Firms can now integrate with BitGo’s wallet system, complete KYC, and store client assets in segregated custody accounts. While applying for a CASP license, businesses can use the service, which starts at several thousand dollars per month, based on volume or fixed pricing. Legal firm Hogan Lovells estimates only 194 CASPs will be approved in Europe by May 2026, with 75% of pre-MiCA firms losing their status. This update aligns with broader crypto news regarding regulatory shifts affecting the sector.
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