Bitget Secures Bulgarian VASP Licence, Expands European Presence

Bitget, a Seychelles-based cryptocurrency exchange and Web3 firm, has obtained a Virtual Asset Service Provider (VASP) licence from Bulgaria’s National Revenue Agency, strengthening its foothold in Europe.

With this approval, Bitget can now legally provide crypto services in Bulgaria, including wallet management, trading, transfers, custody solutions, and crypto asset offerings.

This latest licence adds to Bitget’s regulatory approvals in Lithuania, Poland, Italy, and the UK, reinforcing its commitment to European expansion.

Hon Ng, Bitget’s chief legal officer, stated, “The VASP licence in Bulgaria is a crucial step in our strategy to serve users across the EU.” He highlighted Bulgaria’s role as a “strategic gateway” for crypto adoption in the region.

Serving over 100 million users in 150+ countries, Bitget aims to work closely with European regulators to ensure compliance with evolving regulations, including the upcoming EU MiCA framework.