Bitget Acquires Bulgaria’s VASP License, Aims Toward MiCA Approval

• Bitget has announced the acquisition of a VASP in Bulgaria.
• The VASP license acquisition aligns with Bitget’s expansion strategy.
• The crypto exchange aims to secure the EU’s MiCA license soon.

Cryptocurrency exchange Bitget has announced the acquisition of a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. In a recent announcement, the crypto exchange stated that it can now offer a comprehensive suite of crypto services within Bulgaria.

According to Bitget, the newly acquired license allows it to operate cryptocurrency exchange services, including trading, transfer, custody, public offering of crypto assets, and wallet services. The license acquisition is a step forward in Bitget’s plans to obtain the EU’s Markets in Crypto- Assets (MiCA) license to boost its foothold in the region.

Notably, the EU’s MiCA license aims to unify the region’s regulatory environment for crypto assets. Bitget highlighted its plan’s alignment with the EU’s compliance requirements, considering the crypto exchange’s target of establishing its presence across the region. 

Related: Bitget, Coinbase, and Crypto.com Lead in Spot Tra…

The post Bitget Acquires Bulgaria’s VASP License, Aims Toward MiCA Approval appeared first on Coin Edition.