Bitget Secures BSP License in El Salvador to Expand Bitcoin Services

• Bitget has secured a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank.
• The license allows Bitget to offer Bitcoin-to-fiat exchanges, payment processing, and secure custody solutions.
• Bitget is also working to obtain a Digital Assets Service Provider (DASP) license to expand its services beyond Bitcoin in the region.

Leading cryptocurrency exchange Bitget has officially obtained a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank. This allows Bitget to offer Bitcoin services in the country, such as Bitcoin-to-fiat exchanges, payment processing, and Bitcoin custody solutions.

Notably, acquiring the BSP license is a significant part of Bitget’s strategic efforts to strengthen its regulatory framework and broaden its global footprint. With this license, Bitget is authorized to engage in Bitcoin-related activities, such as buying, selling, storing, and transferring Bitcoin. 

Furthermore, the exchange is actively working to secure the Digital Assets Service Provider (DASP) license from El Salvador’s National Commission of Digital Assets. This would allow Bitget to expand its services to include a b…

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