Bitget is establishing a regional hub in Europe to meet MİCA requirements
The company consistently works to comply with regulatory requirements in countries with a favorable attitude towards cryptocurrencies.
The company consistently works to comply with regulatory requirements in countries with a favorable attitude towards cryptocurrencies.
Bitget, the world's leading cryptocurrency exchange and Web3 company, is considering the possibility of establishing its regional hub in Europe, particularly in Lithuania, as part of its strategic expansion in the European Union. This step confirms Bitget's readiness to comply with MiCA (Markets in Crypto-Assets) crypto-assets regulation. The company is actively preparing to meet MiCA requirements, including plans to open an office and hire compliance and operations specialists in Lithuania.
"We sincerely thank the EU regulators for their leadership and vision in creating a safe and dynamic environment for the use of digital innovation. Our strategy for working in Europe goes beyond normal business expansion. This continent is at the forefront of the cryptocurrency and Web3.0 revolution, and we are committed to contributing to the development of the cryptocurrency startup ecosystem,” said Hong Ng, Chief Legal Officer of Bitget.
"By establishing a hub in the European Union, we demonstrate our strong commitment and desire to maintain the highest standards of security and compliance with international requirements," he added.
Bitget is consistently working towards regulatory compliance in crypto-friendly countries, with licenses in key countries such as Poland, Australia and Italy. The exchange recently returned to the UK market, offering a wide range of cryptocurrency services that fully meet international standards. Bitget is also seeking regulatory approvals in more than 15 jurisdictions worldwide. Among them is Lithuania, where Bitget has already registered its activities in the field of cryptocurrencies, which confirms the company's commitment to transparent and safe work in Europe.
The company also plans to work closely with European regulators to ensure its products comply with all regulatory requirements, with a primary focus on protecting users' assets and data. With the implementation of the MiCA framework, Bitget's active actions will allow it to become the fastest growing exchange that meets the new standards.
Bitget launches BGBTC, which is backed by 1:1 BTC reserves
Bitget launches BGBTC, backed by 1:1 BTC reserves
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