Cryptocurrency exchange Bitget has announced the appointment of a new head of its European division and confirmed plans to open a headquarters in Vienna to operate in the European Union market.
Cryptocurrency exchange Bitget has announced the appointment of a new head of its European division and confirmed plans to open a headquarters in Vienna to operate in the European Union market.
According to a Bitget press release, Oliver Stauber has been appointed CEO of Bitget EU. The company explains this decision as preparation for full operation under the rules of MiCAR — the single EU regulation for the crypto-asset market, which strengthens requirements for transparency, internal procedures and user protection.
Oliver Stauber has extensive experience in the crypto business in Europe. Before joining Bitget, he was CEO of KuCoin EU Holding GmbH in Vienna, and previously worked at Bitpanda, where he was responsible for legal issues, preparing the company for licensing, and interacting with regulators in various EU countries.
Bitget says it plans to make the Vienna office a central hub for managing its European business. It is there that the company wants to focus control of internal processes, work with regulators, and coordination of activities in the markets of the European Economic Area. Bitget CEO Gracie Chen emphasized in a statement that the new head’s task is to build a clear and manageable model of work in the EU that will meet the requirements of regulators and at the same time allow the business to scale.
Stauber himself stated that MiCAR significantly changes the approach to regulating crypto services in Europe, and the opening of a headquarters in Vienna should help Bitget operate stably in the EEA markets.
Markets in Crypto-Assets is an EU regulation that establishes common rules for crypto exchanges and digital asset providers. The document defines requirements for companies' internal processes, user protection, and interaction with supervisory authorities and is gradually becoming mandatory for operation in the European Union market.
Previously, dev.ua wrote about how recent personnel changes in the leadership of the SEC and CFTC, as a result of which both regulators received a pro-cryptocurrency Republican majority led by Paul S. Atkins and Michael Selig, create not just a positive background for the digital asset market, but a potentially new macro trend.
