Bitget Secures Bulgaria VASP License for Crypto Services

Highlights:

• Bitget has acquired a VASP license in Bulgaria and expanded its crypto services in Europe.
• The exchange is working with regulators to grow its market presence outside of Europe.
• Bitget Wallet now supports Mantra Mainnet which gives users access to transfer of the $OM token and staking opportunities.

Cryptocurrency exchange and Web3 firm Bitget has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. This license allows Bitget to provide various crypto-related services in Bulgaria, including exchange, trading, transfer, custody, and public offerings of virtual assets. In addition, it will enable the company to offer wallet services to Bulgarian users.

Bitget obtains VASP license issued by Bulgarian National Tax Service

Bitget has obtained a VASP license issued by the Bulgarian National Tax Service. With the VASP license, Bitget will be able to provide comprehensive cryptocurrency services in Bulgaria, including trading, tra…

— Bpay News (@bpaynews) February 14, 2025

The approval aligns with Bitget’s goal of securing the Markets in Crypto-Assets (MiCA) license. Bulgaria is crucial in this strategy because it has established laws for digital assets. Bitget’s Chief Legal Officer Hon Ng commented on this achievement. Hon Ng, Chief Legal Officer at Bitget, applauded the milestone of the company. He stated, “The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union.”

The approval from the European regulator adds to Bitget’s footprint in Europe. Due to its efforts to protect users and comply with regulations, Bitget has previously been named by Forbes as one of the most reliable exchanges in the world.

Bitget Strengthens Compliance to Set Regulations

The exchange has strived to work under set regulations and it is a key piece of Bitget’s growth strategy. Already, the company has approvals in Poland, Italy, Lithuania, and the United Kingdom. Each of these licenses is part of a broader plan of operating within the laws of the countries they are approved.

Besides Europe, Bitget is also growing its presence in other regions. Recently, it received a BSP license in El Salvador which enables it to provide digital asset services to customers in the country. Furthermore, the company has helped to create BitEXC, a Vietnamese regulated cryptocurrency exchange.

Meanwhile, Bitget Wallet also announced its full support for the Mantra Mainnet. Mantra is a Layer 1 blockchain that is used to tokenize real-world assets. Bitget Wallet users can transfer and receive $OM tokens, do cross chain transactions, and staking opportunities with Mantra’s decentralized application.

The main goal of the Mantra Mainnet is to merge traditional finance and blockchain technology. It gives users new opportunities to represent real world assets on chain, which opens the door for wider adoption. The move is in line with Bitget’s goal of making the digital asset space accessible and functional.

Bitget Wallet Integrates Mantra Mainnet for RWAs Tokenization

1️⃣ Seamless $OM Transactions 🚀 – Bitget Wallet integrates Mantra Mainnet for $OM transfers, staking & cross-chain transactions.

2️⃣ Bridging RWAs to DeFi 🌍🔗 – Mantra enables real-world asset tokenization, merging… pic.twitter.com/rLiHcwRr62

— Live BTC News (@LiveBTCNews) February 14, 2025

Bitget’s Future Plans

Looking forward, Bitget intends to work with regulators in several jurisdictions. The company hopes to adapt its operations to global compliance standards and gain a stronger footing in the crypto industry. The license it acquired in Bulgaria is an important step in its long term strategy for European growth.

In addition, Bitget continues to prioritize security in its operations. The company aims to obtain regulatory approval and to cooperate with authorities to offer safe and compliant services. This will facilitate the broader adoption of cryptocurrencies and maintain market stability.