More than 3,000 cryptocurrency companies were registered across Europe ahead of MiCA, yet only 194 received a license by May 2026, and BitGo has now introduced a compliance service designed to help companies continue operating as the EU licensing deadline comes into effect.
summary
- BitGo has launched a MiCA-compliant Crypto coin as a service platform for European cryptocurrency companies facing an EU licensing deadline.
- Hogan Lovells estimates that about 75% of cryptocurrency companies previously registered with MiCA may lose their registration status as the transition periods expire.
- BitGo CEO Mike Belshy said companies can use the company’s regulated infrastructure while still pursuing their MiCA licenses.
According to Wednesday advertisement From BitGo, its German-regulated subsidiary, BitGo Europe, offers a Crypto-as-a-Service platform that allows cryptocurrency companies to access MiCA-compliant infrastructure without creating their own regulated operating framework from scratch.
The launch comes as the European Union enters a new phase of regulating cryptocurrencies. As of July 1, companies that have not obtained a license under the Markets in Cryptoassets Framework can no longer legally provide cryptocurrency services to clients in the bloc.
The European Securities and Markets Authority previously said that companies operating without approval after the deadline would be in breach of EU law and must implement orderly downsizing plans.
Eligible companies can integrate with its infrastructure while continuing to pursue their own crypto asset service provider licenses if they choose, BitGo said. Through this arrangement, companies can continue to manage customer relationships and products while using BitGo’s custodial infrastructure and regulated wallet.
Speaking in an interview, BitGo CEO Mike Belshy said that companies that currently manage wallets but do not hold a MiCA license can migrate customer accounts to the BitGo system, provided they complete the required MiCA-related KYC procedures.
“You can onboard all your customers and have sub-accounts within BitGo. Now, they’re your customers: you help them with support, you help them with all the products, you do all those things, and we don’t do any of that. But now they’re in a separate, secure, MICA-compliant vault. Now you can go about your business.”
For companies considering BitGo, Belschi said pricing depends on the products used. According to him, customers pay a minimum monthly fee that can scale with the size of the business, while alternative plans allow businesses to choose either transaction-based pricing or fixed fee structures.
MiCA deadline leaves many businesses without a licence
Recent industry estimates have highlighted the scale of the shift. Hogan Lovells Law Firm I mentioned Europe has more than 3,000 cryptocurrency companies registered in 2024, with Poland alone accounting for more than 1,400 registrations.
However, by May 2026, only 194 approved assistance schemes, including credit institutions, had been approved under MiCA. Hogan Lovells estimates that around 75% of businesses operating under pre-MiCA registrations may lose their status as national transition periods end.
Across the bloc, regulators have warned companies to either obtain a license or prepare to cease operations. French financial regulator AMF said only authorized providers could serve French clients after the deadline, while the Securities and Markets Authority (ESMA) advised firms without approval to help users move assets to licensed providers or self-hosted wallets.
Against this backdrop, Belshi said companies should not be forced to go out of business simply because they have not yet obtained their MiCA licences. He said regulators are aware of BitGo’s compliance-focused infrastructure offerings and its role in helping companies meet regulatory requirements.
Questions around MiCA licensing have also affected some of the industry’s biggest players. For example, crypto.news I mentioned Binance’s MiCA implementation in Greece is expected to face rejection, a development that could have affected the exchange’s ability to serve clients across the EU under the MiCA passporting regime.
Binance confirmed at the time that it met the necessary requirements and had not received any official indication that its application would be rejected.
