Seychelles-based cryptocurrency exchange Bitget has obtained a Virtual Asset Service Provider (VASP) licence from Bulgaria’s National Revenue Agency. The approval enables Bitget to offer crypto services in the country, further strengthening its European expansion.
Seychelles-based cryptocurrency exchange and Web3 company Bitget has received a Virtual Asset Service Provider (VASP) licence from the National Revenue Agency of Bulgaria. This approval allows the company to expand its crypto services in the country, including wallet management, trading, transfers, custody solutions, and cryptocurrency exchange operations.
Bitget, which serves over 100 million users in more than 150 countries, has already secured regulatory approvals in Lithuania, Poland, Italy, and the UK. The new Bulgarian licence is another step in its broader European expansion strategy.
The successful application of the VASP licence in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,”
on Ng, Chief Legal Officer at Bitget
He further highlighted Bulgaria’s role as a “strategic gateway” for the company’s European operations, emphasizing its growing crypto-friendly ecosystem.
Looking ahead, Bitget is actively preparing for compliance with Europe’s Markets in Crypto-Assets (MiCA) framework, which will standardize cryptocurrency regulations across the European Union. The company also aims to collaborate with regulators to ensure adherence to evolving compliance standards.
Bitget’s continued regulatory approvals in Europe highlight its long-term commitment to operating within the legal frameworks of different jurisdictions while expanding its reach in the global crypto industry.
