As a seasoned crypto investor with years of navigating the volatile and ever-changing landscape of digital assets under my belt, I find the strategic move by Bitget to establish its European regional hub in Lithuania not only prudent but also promising. Having witnessed the rise and fall of numerous exchanges, I appreciate a platform that prioritizes regulatory adherence and compliance.
The cryptocurrency exchange, Bitget, is contemplating Lithuania as its primary European base for operations, signifying its strategic growth within the European Union.
As a dedicated researcher exploring the dynamic world of cryptocurrency, I’ve come across news that Bitget, a licensed Virtual Asset Service Provider in Lithuania, is planning to set up an operational base within the country. This move will see them hiring compliance and operations personnel locally, as per their official announcement.
The exchange is contributing to wider readiness measures for the MiCA structure, an initiative designed to establish a harmonized regulatory landscape for cryptocurrencies throughout the European Union. The goal is to collaborate effectively with European regulatory bodies, ensuring that our services adhere to regulatory requirements while maintaining user asset and data security.
Bitget (BGB) emphasizes compliance with regulations in countries that are friendly towards cryptocurrency. They currently hold licenses in regions such as Poland, Australia, and Italy.
Europe’s changing crypto regulation
As an analyst, I’d rephrase that statement like this: “In my professional capacity, I’m emphasizing Bitget’s unwavering commitment to adhering to regulatory standards and our strong dedication to fostering the growing cryptocurrency landscape in Europe.
In simpler terms, by choosing to concentrate on Lithuania, Bitget is showing its commitment to maintaining top-notch security and adhering to regulatory requirements, all while encouraging advancement within the industry.
As an analyst, I can share that we’ve just reinstated our operations in the United Kingdom, offering fully compliant services following rigorous checks and adherence to local regulations. Currently, we are also working diligently to secure regulatory approvals in more than 15 countries across the globe. In a move to comply with the Financial Conduct Authority’s (FCA) new compliance requirements for crypto firms, Bitget temporarily paused its U.K. services back in May.
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2024-12-11 17:44