Bitget has registered in Poland as a VASP following its registration in Lithuania. The company aims to comply with local and international regulations and provide secure and transparent services to its users.
Bitget, a leading global crypto exchange, has announced its registration as a virtual asset service provider (VASP) in Poland, marking its second entry into the European market.
Additionally, the company said in a press release that the registration allows it to offer crypto-related services in compliance with local and international laws and regulations.
The move comes amid the growing popularity of Europe as a destination for crypto companies, as the region offers a supportive and progressive regulatory environment for digital assets.
Bitget stated that it recognizes the importance of regulation for the future of the crypto industry and seeks to adhere to the highest standards of compliance and oversight.
The company had previously registered as a VASP in Lithuania, where it obtained the necessary approvals to operate in accordance with regional rules and standards.
This demonstrates Bitget’s proactive approach to complying with regulatory frameworks highlights the company’s commitment to responsible and compliant operations.
Gracy Chen, the Managing Director of Bitget, said that the company aims to foster trust among its user base and stakeholders, which have grown by 146% since the beginning of the year.
“At Bitget, we always embrace and follow the various regulatory frameworks for digital assets and actively cooperate with governmental bodies to create a better ecosystem. The recent registrations in the two European countries enhance our foothold and service in Europe.”Gracy Chen
Bitget remains at the forefront of regulatory compliance as the cryptocurrency landscape evolves, positioning itself as a responsible and innovative platform.
The company has established a robust compliance team, growing by over 50% in the past 12 months. This team navigates licensing processes worldwide and drives Bitget’s ongoing expansion efforts.