24/7 Cryptocurrency News

Bitget Secures Bulgarian Virtual Asset Service Provider (VASP) License, Strengthening EU Crypto Presence

Bitget secures Bulgaria's VASP license, boosting EU crypto presence with enhanced services and regulatory compliance.
Published by
Bitget Secures Bulgarian Virtual Asset Service Provider (VASP) License, Strengthening EU Crypto Presence

Cryptocurrency exchange and Web3 firm Bitget has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. This authorization allows Bitget to provide various crypto-related services within Bulgaria, including exchange, trading, transfer, custody, and public offering of digital assets, as well as wallet services.

The move is part of Bitget’s broader strategy to expand its presence in Europe and work towards obtaining the Markets in Crypto-Assets (MiCA) license, which aims to create a standardized regulatory framework for cryptocurrencies across the European Union.

Hon Ng, Chief Legal Officer at Bitget, described the Bulgarian license as a significant step in the company’s efforts to operate within the EU’s regulatory landscape. Compliance with such emerging frameworks as MiCA also bears prospects for the long-term growth and stability of the crypto market, he noted.

Ng sees Bulgaria as a strategic entry point in Bitget’s European expansion, owing to the supportive regulatory framework enabling digital asset adoption.

Ng mentioned, “The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union.”

Looking ahead, Bitget plans to expand its regulatory footprint globally by working with regulators in different jurisdictions. Ng argues that regulatory alignment enhances user trust, strengthens the integrity of the market, and encourages the use of digital assets, affirming the company’s commitment to compliance.

Bitget has already received regulatory approvals in several European jurisdictions, including Poland, Italy, Lithuania, and the United Kingdom. The recently acquired license for Bulgaria attests to its commitment to conducting business in a regulated manner.

With this clearance, Bitget will be allowed to offer a variety of services to the Bulgarian digital asset user base.

These include crypto-to-fiat exchange services, secure transaction facilitation, and custody solutions designed to protect user assets. Additionally, the license enables the public offering of crypto assets, potentially opening up new opportunities for token launches.

Bitget has been actively expanding its regulatory reach in recent months. The company has acquired a BSP license in El Salvador, approval in the United Kingdom to provide digital asset services, and has played a role in developing the Vietnam-based exchange BitEXC. In addition, Forbes recently recognized Bitget as one of the world’s most trustworthy exchanges, reflecting its efforts in compliance and security.

As the company continues to grow within Europe, it plans to collaborate with regulators to ensure its services align with legal requirements, while focusing on the protection of user assets and data. This new legal milestone in Bulgaria is just one more illustration of how the bitcoin sector is driving the need for both innovation and compliance in a rapidly evolving global regulatory environment.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal

Polymarket founder Shayne Coplan has sparked speculation about a potential native token launch following a…

October 9, 2025
  • Bitcoin News

FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces

The FOMC minutes have signaled a dovish shift from the Fed officials, who look likely…

October 9, 2025
  • 24/7 Cryptocurrency News

North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps

North Dakota is set to become the second U.S. state to issue a stablecoin, named…

October 8, 2025
  • 24/7 Cryptocurrency News

Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

Ethena Labs reported that it has partnered with Jupiter Exchange to develop JupUSD. This is…

October 8, 2025
  • 24/7 Cryptocurrency News

BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has become the most bought exchange-traded fund…

October 8, 2025
  • 24/7 Cryptocurrency News

MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket

MetaMask has officially introduced perpetuals trading on its platform, powered by Hyperliquid. Meanwhile, the crypto…

October 8, 2025