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Bitget establishes European hub in Lithuania to enhance crypto compliance

Bitget is establishing its European hub in Lithuania to align with the EU’s MiCA framework for crypto compliance, aiming to enhance its regulatory standing in the region. The exchange plans to open an office and hire compliance personnel while actively collaborating with European authorities to ensure legal adherence and user data protection. Additionally, Bitget has integrated OmniConnect to facilitate Web3 interactions on Telegram across 500 blockchain networks, further supporting the growth of the crypto ecosystem.

Bitget plans Lithuania hub to meet upcoming MiCA compliance regulations

Bitget is set to establish a regional hub in Lithuania to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, enhancing its commitment to regulatory standards. The exchange, already licensed in multiple countries, aims to support crypto innovation and startups in the EU while expanding its services globally. Recently, Bitget Wallet has seen significant growth, doubling its user base to 40 million, and the company has also formed sports partnerships, including with Spain's LALIGA.

Bitget establishes European hub in Lithuania to ensure MiCA compliance

Bitget is expanding its operations in Europe by establishing a crypto hub in Lithuania, aiming for compliance with the EU's Markets in Crypto Assets (MiCA) regulations set to be fully implemented by December 30, 2024. The exchange plans to collaborate with European regulators to offer compliant products and support local crypto startups, reinforcing its commitment to security and regulatory standards. Bitget holds licenses in several countries, including Poland, Australia, and Italy, and has recently re-entered the UK market.
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