Crypto exchange Bitget bags Bulgarian VASP licence, continues European expansion
Bitget, a Seychelles-based cryptocurrency exchange and Web3 company, has secured a Virtual Asset Service Provider (VASP) licence from the National Revenue Agency in Bulgaria, bolstering its efforts to expand across Europe.
Bitget bags VASP licence in Bulgaria
The approval enables Bitget to offer crypto services in the country, including wallet management, trading, transfers, custody solutions, and its cryptocurrency exchange, in addition to publicly offering crypto assets.
The licence adds to Biget’s existing approvals in European markets such as Lithuania, Poland, Italy, and the UK.
Hon Ng, chief legal officer at Bitget, explains: “The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union.”
“Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption,” adds Ng.
Looking ahead, Bitget, which claims to serve over 100 million users across more than 150 countries, reveals plans to “collaborate closely with European regulators to ensure its products meet all regulatory requirements” and is “actively preparing” for compliance with the EU’s MiCA framework.
