Key Takeaways
The company announced that BitGo Europe has secured authorization from Germany’s financial regulator BaFin, allowing it to operate under both the Markets in Crypto-Assets Regulation (MiCA) and the Payment Services Directive 2 (PSD2) framework for services related to e-money tokens.
The EU regulatory landscape has a new benchmark. 🇪🇺
BitGo Europe has officially secured dual authorization from BaFin, holding both MiCAR and a PSD2/ZAG license specifically for EMT payment services.
While MiCAR is a huge milestone for the industry, many CASPs still face… pic.twitter.com/zzO1rjmUcg
— BitGo (@BitGo) March 9, 2026
The approval enables BitGo to provide services supporting E-Money Tokens, a category under MiCA that includes stablecoins backed by fiat currencies.
While the MiCA regulation establishes the broader legal framework for crypto asset service providers across the European Union, companies dealing with EMTs must also comply with existing payment services regulations.
By securing both MiCA authorization and a PSD2/ZAG license, BitGo can offer infrastructure services to firms issuing or handling regulated stablecoins within Germany.
Many crypto asset service providers have struggled to navigate the overlapping requirements between MiCA and traditional financial regulations when dealing with stablecoins.
BitGo said its dual authorization is designed to help MiCA-licensed firms operate within the EU while ensuring compliance with the payment services rules that apply to e-money tokens.
The company added that it intends to act as a licensed partner for crypto firms needing regulated infrastructure to process EMT transactions within Germany and across the European market.
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