Share this article
BTC
$83,444.24
-
0.67%ETH
$1,811.48
-
0.38%USDT
$0.9997
-
0.01%XRP
$2.1375
+
1.97%BNB
$594.92
-
0.55%SOL
$120.96
+
2.30%USDC
$0.9999
+
0.00%DOGE
$0.1692
+
1.50%ADA
$0.6574
-
1.06%TRX
$0.2379
-
0.28%LINK
$12.89
-
1.61%LEO
$8.9279
-
4.74%TON
$3.3050
-
7.42%XLM
$0.2576
-
2.47%AVAX
$18.20
-
2.34%SHIB
$0.0₄1237
-
0.34%SUI
$2.2376
-
1.32%HBAR
$0.1624
-
1.50%LTC
$84.13
-
0.81%OM
$6.2740
-
0.25%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Crypto Custodian BitGo Cleared to Operate in Italy
The firm's German unit registered in the country.
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies.
According to documents from Italian financial regulator Organismo Agenti e Mediatori (OAM), the company’s German branch, BitGo Deutschland GmbH, registered to provide "digital wallet services" in the country on July 15.
STORY CONTINUES BELOW
BitGo’s entrance into the European nation follows a pattern of companies taking operations to Italy. On Tuesday, Crypto.com said it obtained regulatory approval. Crypto exchanges Binance, Kraken and Bitpanda and brokerage Trade Republic have also registered recently.
The crypto regulatory landscape in Europe is uncertain. The awaited Markets in Crypto-Assets law (MiCA) which would provide a regulatory framework for cryptocurrencies in the European Union, may not go into effect until 2024.
BitGo declined to comment on its status in Italy. In an emailed statement, a spokesperson said the company is licensed in South Dakota, New York, Switzerland and Germany, with a couple other jurisdictions pending.
Read More: EU Agrees on Landmark Crypto Authorization Law, MiCA
Cam Thompson
Cam Thompson was a Web3 reporter at CoinDesk. She is a recent graduate of Tufts University, where she majored in Economics and Science & Technology Studies. As a student, she was marketing director of the Tufts Blockchain Club. She currently holds positions in BTC and ETH.
