Bitget secures Bulgarian VASP license, expanding European presence

Bitget, a first world exchange of cryptocurrency, obtained a license from Virtual Asset Service Supplier (VASP) of the National Revenue Agency from Bulgaria.

Following the approvalBitget has been authorized to offer its Bulgarian customers a range of cryptocurrency services. Exchange can now provide services such as trading, safe transfers, custody and asset exchange of cryptocurrency thanks to the license. Bulgarinan Bitget customers will also be able to participate in public tokens offers on the platform.

This license gives Bitget of greater chances to expand in the market of digital assets. While Bitget pushes to obtain the EU markets in crypto-active licenseWhat would help him strengthen his position on the European market, obtaining the Vasp license is a good step in the right direction.

The Hon NG, Bitget Legal Director, pointed out:

“While the EU continues to lead with regulatory executives like Mica, we see a strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering friendly ecosystems for crypto the possibility of accelerating the adoption of cryptography. »»

NG also noted that Bitget intended to continue to extend worldwide in 2025 while closely monitoring regulatory compliance in each new market in which it enters. According to NG, the company has always given a high priority to follow regulatory Standards to preserve market integrity and strengthen user confidence.

The new milestone comes in the heels of the previous Bitget license achievements in other countries such as El SalvadorThe United Kingdom and Vietnam. Due to its efforts to protect users and comply with regulations, Bitget has already been appointed by Forbes as one of the most reliable exchanges in the world.