On Tuesday, renowned crypto exchange, Bitget secured regulatory approval to extend its offerings to Poland. In its latest blog post, the exchange confirmed the development, stressing that the move manifested as part of its efforts to cementing global presence. The successful registration thus affirms Bitget as a Virtual Asset Service Provider (VASP) in the country.
As a certified Virtual Asset Service Provider, Bitget can now be able to explore the Polish market, availing reliable and secure trading products to users. However, the firm must offer these services in adherence to the existing laws within the country. In an announcement by Bitget, it promised to sustain its compliance mechanism in the country so as to gain the trust of users and relevant stakeholders.
Over the past few months, Bitget has been unrelenting in its efforts to expand its offerings across Europe. Barely a month ago, it obtained similar approval in Lithuania. By virtue of this development, the crypto exchange is now offering crypto products in the country.
Gracy Gen, the managing director of Bitget gave some insights into the company’s vision in Europe. According to Chen, Bitget understands the significance of regulation in achieving mainstream embracement of cryptocurrency. The exec further that the exchange is notable for complying with various regulatory guidelines established to safeguard consumers in the industry. Also, Chen added that the firm will continue to corporate with various authorities across the globe to advance the crypto ecosystem.
Through the regulatory approvals in Poland and Lithuania, Chen said Bitget wants to cement its footprint in Europe by availing easy access to crypto in a reliable, responsible and compliant manner.
Bitget showing remarkable commitment to executing social responsibility projects
Apart from expanding its services across board, Bitget has also been committed to executing social responsibility projects. Early this month, it allocated $10 million to a project identified as “Blockchain4Youth.” Our findings reveal that the project is targeted at enlightening the youths about the potential of blockchain technology.
In the announcement, the exchange further that the initiative will run over five years, providing blockchain-oriented programmes for youths. It is noteworthy that the exchange seeks to empower the youths leverage the benefits enveloped in the evolving technology. Also, the Bitget Academy will be directly involved in the Blockchain4Youth initiative. The academy will collaborate notable universities across the globe to engage lecturers who are vast in web3 and blockchain education.