Crypto Custodian BitGo Cleared to Operate in Italy

The firm's German unit registered in the country.

AccessTimeIconJul 19, 2022 at 9:03 p.m. UTC
Updated May 11, 2023 at 3:42 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

BitGo’s entrance into the European nation follows a pattern of companies taking operations to Italy. On Tuesday, 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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Cam Thompson

Cam Thompson was a news reporter at CoinDesk.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.