Bitget Prepares for MiCA Compliance with an Upcoming European Regional Hub

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Dec, Tue, 2024

Bitget Prepares for MiCA Compliance with an Upcoming European Regional Hub

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Bitget Prepares for MiCA Compliance with an Upcoming European Regional Hub

VICTORIA, Seychelles, Dec. 17, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s main cryptocurrency trade and Web3 firm, is exploring the institution of its Europe regional hub
in Lithuania as a part of its strategic enlargement within the European Union. The transfer aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which goals to offer a unified regulatory surroundings for crypto property throughout the area.

The firm is actively making ready for compliance underneath the MiCA framework, together with plans to arrange an workplace and recruit compliance and operations personnel in Lithuania.

“We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure and vibrant environment for digital innovation. Our vision for Europe goes beyond business expansion. The continent is at the forefront of the crypto revolution, and we are committed to contributing to its growing ecosystem of crypto startups,” mentioned Hon Ng, Chief Legal Officer of Bitget. “By establishing a hub in the European Union, we are demonstrating our strong commitment to uphold the highest standards of security and compliance,” he added.

Bitget persistently works in direction of abiding by regulatory compliance worldwide in crypto-friendly jurisdictions, holding licenses in main markets equivalent to Poland, Australia, and Italy. The trade not too long ago re-entered the UK market, providing totally compliant crypto companies, and is pursuing regulatory approvals in additional than 15 jurisdictions worldwide. This consists of Lithuania, the place Bitget secures its crypto registration, indicating its dedication to working securely and transparently inside Europe.

The firm additionally plans to collaborate carefully with European regulators to make sure its merchandise meet all regulatory necessities whereas prioritizing the safety of person property and information. As the MiCA framework comes into impact, Bitget’s proactive steps pushes it to develop into the quickest rising compliant trade.

About Bitget

Established in 2018, Bitget is the world’s main cryptocurrency exchange and Web3 firm. Serving over 45 million customers in 150+ international locations and areas, the Bitget trade is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling characteristic and different buying and selling options, whereas providing real-time entry to Bitcoin price, Ethereum price, and different cryptocurrency costs. Formerly referred to as BitKeep, Bitget Wallet is a world-class multi-chain crypto pockets that gives an array of complete Web3 options and options together with pockets performance, token swap, NFT Marketplace, DApp browser, and extra.

Bitget is on the forefront of driving crypto adoption by way of strategic partnerships, equivalent to its function because the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, in addition to a world companion of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball nationwide workforce), to encourage the worldwide neighborhood to embrace the way forward for cryptocurrency.

Risk Warning: Digital asset costs might fluctuate and expertise value volatility. Only make investments what you may afford to lose. The worth of your funding could also be impacted and it’s attainable that you could be not obtain your monetary objectives or be capable to get well your principal funding. You ought to at all times search impartial monetary recommendation and think about your individual monetary expertise and monetary standing. Past efficiency isn’t a dependable measure of future efficiency. Bitget shall not be answerable for any losses it’s possible you’ll incur. Nothing right here shall be construed as monetary recommendation.

A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/007638ef-6c42-486f-b50e-afbc2fbd3ec1