BitGo Offers MiCA Compliance Lifeline to EU Crypto Firms as License Deadline Approaches



Eligible businesses can also continue to evaluate or pursue their own MiCA-focused crypto asset service provider (CASP) licenses in parallel while integrating BitGo Europe’s infrastructure, BitGo said.

The final deadline for cryptocurrency companies to have transitioned to the MiCA regime is the end of this month, a regulatory reckoning that will force some companies to go out of business.

Industry estimates suggest that Europe had more than 3,000 registered crypto companies in 2024, with Poland alone accounting for more than 1,400 registrations. As of May 2026, there are 194 authorized CASPs (including lending institutions) and around 75% of the pre-MiCA population is expected to lose their registration status as transition periods expire, according to law firm Hogan Lovells.

Belshi said companies do not need to go bankrupt because of MiCA’s regulatory requirements, adding that regulators are aware of BitGo’s compliance-enhancing infrastructure offering. In terms of fees for the cryptocurrency fulfillment service, Belshi said it is relatively cheap and varies on a product-by-product basis.

“There is a minimum monthly amount that is paid similar to what there has always been. That’s a couple of $1,000 a month, something that can scale with volume,” he said. “So customers can opt for variable base plans, where they pay more per transaction, or they can use static base plans, where they have a sort of fixed fee and pay less.”

Leave a Comment

Your email address will not be published. Required fields are marked *