Bitget has officially received regulatory approval to offer its crypto services in Bulgaria, marking another step in its European expansion.
The crypto exchange announced today, February 14, 2025, that it has secured a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency.
The license enables Bitget to facilitate cryptocurrency exchange, trading, transfers, custody, and public offerings of digital assets. It also allows the company to provide wallet services, ensuring a secure and compliant framework for users.
Bitget’s Chief Legal Officer, Hon Ng, described the license as a strategic move in the company’s European growth. He emphasized Bulgaria’s role as a key entry point into the European Union (EU) market and reiterated Bitget’s commitment to regulatory compliance.
“As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.” Ng stated.
The approval aligns with Bitget’s broader push to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. It follows other recent regulatory milestones, including licenses in the United Kingdom and Poland.
Notably, Bitget partnered with digital banking platform ZEN.com to expand fiat deposit and withdrawal services in second-tier European markets and Oceania. This integration enables instant fiat-to-crypto conversions and allows Bitget users in these regions to transact in 11 local fiat currencies, including: Polish Zloty (PLN), Czech Koruna (CZK), Danish Krone (DKK), Australian Dollar (AUD), Norwegian Krone (NOK), Swedish Krona (SEK), Swiss Franc (CHF), and Hungarian Forint (HUF)
Bitget’s Bulgarian VASP license approval also continues its global expansion strategy. In December 2024, the exchange secured a Bitcoin Service Provider (BSP) license from El Salvador’s Central Reserve Bank (Banco Central de Reserva). This approval allows Bitget to offer Bitcoin-related financial services, including fiat exchanges and custody solutions.
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