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BitGo Europe obtains dual authorization from Germany's BaFin, covering both MiCAR and PSD2 licenses

GateNews
Regulation & Policy
Source: foresightnews

Gate News: On March 9, BitGo Europe officially received dual authorization from the German Federal Financial Supervisory Authority (BaFin), holding both a MiCAR license (EU Crypto Asset Market Regulation) and a PSD2/ZAG license (EU Payment Services Directive) specifically for EMT (Electronic Money Token) payment services. BitGo stated that while MiCAR is a milestone for the industry, many CASPs (Crypto Asset Service Providers) still face challenges when handling EMTs.

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