Leading cryptocurrency exchange and Web3 company Bitget has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria's National Revenue Agency. This regulatory approval enables Bitget to offer comprehensive crypto services in Bulgaria, including exchange, trading, transfers, custody, token issuance, and wallet solutions—marking a strategic milestone in its EU expansion under the upcoming Markets in Crypto-Assets (MiCA) framework.
Strategic Significance of the Bulgarian VASP License
The Bulgarian license aligns with Bitget's phased approach to EU compliance:
- Gateway to Europe: Positions Bulgaria as a key operational hub for regional growth.
- MiCA Preparation: Accelerates alignment with the EU's unified crypto regulatory framework set to take effect in 2025.
- Service Expansion: Authorizes localized crypto/fiat conversions, asset management, and secure trading infrastructure.
👉 Explore Bitget’s regulated crypto services
"Securing this license reflects our commitment to compliant growth in the EU. Bulgaria’s progressive stance on crypto makes it an ideal launchpad for serving European users."
— Hon Ng, Chief Legal Officer, Bitget
Bitget’s Global Compliance Roadmap
Recent regulatory achievements:
- El Salvador: Acquired BitLicense (BSP) in Q4 2024.
- United Kingdom: Approved for digital asset services under FCA guidelines.
- Vietnam: Supports compliant exchange BitEXC via infrastructure partnerships.
- EU Progress: Active applications in Poland, Italy, and Lithuania.
Licensed Services in Bulgaria
| Service Category | Description |
|---|---|
| Crypto/Fiat Exchange | Seamless conversion between assets and EUR |
| Trading & Transfers | Secure peer-to-peer transaction facilitation |
| Custody Solutions | Institutional-grade asset protection |
| Token Issuance | Compliant fundraising mechanisms |
Building Trust Through Compliance
Bitget’s compliance investments focus on:
- User Protection: Priority on asset security and data privacy.
- Transparency: Regular audits and regulatory collaboration.
- Sustainable Growth: Adherence to evolving global standards like MiCA.
👉 Discover why Forbes named Bitget a top-trusted exchange
FAQ: Bitget’s EU Expansion
Q: How does the Bulgarian license help Bitget’s EU strategy?
A: It establishes a regulated foothold to streamline MiCA compliance while serving Balkan and EU markets.
Q: What services can Bulgarian users now access?
A: Full-spectrum crypto trading, custody, and EUR gateway services with enhanced legal safeguards.
Q: Will Bitget seek more EU licenses?
A: Yes—applications are underway in multiple member states to ensure seamless cross-border operations.
About Bitget
Founded in 2018, Bitget serves 100M+ users across 150 countries with:
- Copy Trading: Innovative social trading features.
- Bitget Wallet: Integrated multi-chain Web3 solutions (ex-BitKeep).
- Strategic Partnerships: Collaborations with LALIGA and Olympic athletes to promote crypto adoption.
For media inquiries: [email protected]
Risk Disclaimer: Cryptocurrency investments carry volatility risks. Invest only what you can afford to lose. Independent financial advice is recommended.
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