As the deadline for compliance with the Markets in Crypto Assets (MiCA) regulations approaches, BitGo is stepping in to assist European crypto firms with necessary compliance measures. The company announced its support on June 17, 2026, highlighting its Crypto-as-a-Service platform that allows eligible businesses to meet MiCA requirements without needing to create entirely new operational frameworks.
Operating under the supervision of Germany's BaFin, BitGo enables firms that have completed know-your-customer (KYC) processes to onboard clients into MiCA-compliant sub-accounts seamlessly. BitGo CEO Mike Belshe stated, "All of your clients can be onboarded and have sub-accounts inside of BitGo. We handle the compliance, and they are stored securely in a MiCA-compliant manner." This approach allows companies to maintain their operations while BitGo manages the compliance aspect.
With the final compliance deadline set for the end of June, many crypto firms are under pressure to secure their licenses. Currently, there are over 3,000 registered crypto businesses in Europe, but only 194 have received the necessary authorization as of May 2026. Belshe noted that approximately 75% of firms registered prior to MiCA may lose their transitional status as the compliance period ends.
