Bitget Secures Virtual Asset Service Provider License in Bulgaria

Bitget, a prominent global cryptocurrency exchange, has been granted a Virtual Asset Service Provider (VASP) license by Bulgaria’s National Revenue Agency. This license enables the exchange to offer a range of cryptocurrency services to its Bulgarian clients, including trading, safe transfers, custody, and cryptocurrency asset exchange.

With this license, Bitget’s Bulgarian customers will also be able to participate in public token offerings on the platform. The license is a significant milestone in the exchange’s expansion plans, particularly as it pursues the EU’s Markets in Crypto-Assets license, which would further strengthen its position in the European market.

Regulatory Compliance and Expansion Plans

Hon Ng, Chief Legal Officer at Bitget, commented on the development, stating:

“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 also emphasized that Bitget intends to continue expanding globally in 2025, with a strong focus on regulatory compliance in each new market it enters. The company has consistently prioritized following regulatory norms to preserve market integrity and build user trust.

Key Benefits of the VASP License

The VASP license offers several benefits to Bitget and its Bulgarian clients, including:

  • Authorization to offer a range of cryptocurrency services, including trading, safe transfers, custody, and cryptocurrency asset exchange.
  • Ability for Bulgarian customers to participate in public token offerings on the platform.
  • Enhanced credibility and trust due to regulatory compliance.

This milestone is the latest in a series of license achievements for Bitget, which has previously secured licenses in countries such as El Salvador, the UK, and Vietnam. The exchange has been recognized for its commitment to regulatory compliance and user protection, earning a reputation as one of the most reliable exchanges in the world.

For more news and updates on the cryptocurrency market, visit Global Crypto News.

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