Gate News Announcement, March 9 — BitGo Europe has 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 although MiCAR is a milestone for the industry, many in the industry still face challenges when handling EMT.

Gate News Announcement, March 6th, the digital asset platform Bullish's official Twitter announced that its European entity Bullish Europe has been granted an EMT (Electronic Money Token) payment license by the Federal Financial Supervisory Authority of Germany (BaFin).