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BitGo Smashes EU Barriers—Germany’s BaFin Grants Crypto Custody License
BitGo Smashes EU Barriers—Germany’s BaFin Grants Crypto Custody License
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BitGo just outmaneuvered legacy finance’s red tape—Germany’s BaFin handed it a golden ticket to operate as a regulated crypto custodian across Europe. Finally, institutional investors get a compliant on-ramp while traditional banks scramble to retrofit their stone-age systems.
Why it matters: The license lets BitGo offer cold storage, staking, and trading to EU clients without begging for permission in each market. Take that, slow-moving incumbents.
The cynical twist: BaFin’s stamp of approval? Probably just fear of missing out as Berlin realizes crypto isn’t a ‘passing fad’—unlike their negative interest rate policy.
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