Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

VICTORIA, Seychelles, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bitget, the main cryptocurrency change and Web3 firm, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now allows Bitget to supply a complete suite of crypto companies inside Bulgaria, together with the change, buying and selling, switch, custody, and public providing of crypto belongings, in addition to pockets companies. This aligns with Bitget’s broader plans of acquiring EU’s Markets in Crypto-Assets (MiCA) license, which can increase its foothold within the area.

The VASP license in Bulgaria aligns with Bitget’s strategic enlargement throughout the European Union. The firm is actively getting ready for compliance with the EU’s MiCA framework, which seeks to determine a unified regulatory setting for crypto belongings all through the area.

“The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” mentioned Hon Ng, Chief Legal Officer at Bitget. “As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”

Ng added, “In 2025, we are excited to continue to grow Bitget’s global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.”

Bitget views regulatory compliance as an integral a part of its future success, which is obvious by its acquisition of approvals in key markets akin to Poland, Italy, Lithuania, UK and now Bulgaria.

The VASP license in Bulgaria grants Bitget the regulatory approval to supply a wide selection of companies to cater to the wants of digital asset customers within the area. These companies embrace the change of crypto belongings, enabling seamless conversion between crypto and fiat; buying and selling and switch of crypto belongings, facilitating environment friendly and safe transactions; and custody companies, offering a robust framework for safeguarding person belongings. Additionally, the license permits the general public providing of crypto belongings, supporting the scope for revolutionary token launches and alternatives.

In the final three months alone, Bitget has put forth main licensing and enlargement updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of many world’s most reliable exchanges and with Bulgaria’s VASP license, Bitget continues to make important progress on this space. The firm plans to collaborate intently with European regulators to make sure its merchandise meet all regulatory necessities whereas prioritizing the safety of person belongings and information.

About Bitget

Established in 2018, Bitget is the world’s main cryptocurrency exchange and Web3 firm. Serving over 100 million customers in 150+ nations and areas, the Bitget change is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling function and different buying and selling options, whereas providing real-time entry to Bitcoin price, Ethereum price, and different cryptocurrency costs. Formerly often known as BitKeep, Bitget Wallet is a world-class multi-chain crypto pockets that gives an array of complete Web3 options and options together with pockets performance, token swap, NFT Marketplace, DApp browser, and extra.

Bitget is on the forefront of driving crypto adoption by strategic partnerships, akin to its position because the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, in addition to a worldwide accomplice of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball nationwide group), to encourage the worldwide neighborhood to embrace the way forward for cryptocurrency.

For extra info, go to: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

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