Bulgaria stands out on Lithuania as the compliance center for Bitget in Mika Preparations – Tradingview News

Cryptocurrency Exchang Bitget receives an organizational approval to work as a virtual asset service (VASP) in Bulgaria. The license allows the company to provide trading, custody and other digital asset services, as it prepares for the broader compliance of the European Union under markets at coding bells (MICA).

Recently in December, the company stated that it intends to establish its organizational center in Europe in Lithuania. However, all indications now indicate that the final option has fallen to Bulgaria.

Bitget receives the approval of the Bulgarian organization

The Crypto platform has received a mandate from the National National Revenue Agency in Bulgaria to work as VASP, according to the announcement of the company sent to the financing pieces today (Thursday).

Organizational approval allows the provision of Trading Cryptocurrency services, nursery, and asset transport services within Bulgaria. The license also allows public offers of digital assets and portfolio services in the judicial state.

This license comes at a time when the company is preparing to comply with the European Union MICA frame

“The successful application of VASP license in Bulgaria is part of the Bitget expansion strategy to serve users all over the European Union,” said Hun Nug, Peter’s chief official in Peter. “As the European Union continues to lead organizational frameworks such as MICA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Adoption.”

Another license has been added

The Bulgarian license adds to the current regulatory approvals of the company in many European judicial states, including Poland, Italy, Lithuania and the United Kingdom. In recent months, the Stock Exchange has also received insurance in El Salvador and has made compatible operations in Vietnam.

Interestingly, in December, the company wanted to build a compliance team in Lithuania to ensure compliance with Mika. At that time, NG referred to Lithuania as a European exchange center. However, all indicators now indicate that the plans have changed, and Bitget Bulgaria has instead.

Under the terms of VASP license, the stock exchange can facilitate encrypted currency transfers to the foreground and provide institutional custody services in Bulgaria. Approval also creates a framework for possible symbol offers in the local market.

“In 2025, Bitget must lead to the leadership of aggressive global measurement, with a sharp focus on meeting compliance standards in every judicial state where we work. Our operations with emerging regulations around the world.”

The company’s reports serve more than 100 million users in more than 150 countries. Modern initiatives include partnerships in sports marketing and regional expansion efforts through multiple judicial powers.

Meanwhile, Bitget Wallet, a non -trustee encryption portfolio, reached a sign of 60 million users, and an increase of 300 % in 2024.