As part of its efforts towards expanding cryptocurrency offerings across the globe, popular crypto exchange, Bitget has completed its regulatory registration in Lithuania. Bitget confirmed the new milestone in its Thursday Twitter post. It is noteworthy that the registration will now enable Bitget to offer crypto services to users in Lithuania in compliance with local regulations.
It is worth mentioning that Lithuania has proven to be one of the prominent countries Europe Union in terms of credible crypto legislation. This thus makes the country a great destination for Bitget and other crypto firms seeking to expand their base in compliance with local regulations.
Bitget to harness Lithuania‘s vast digital economy to gain international recognition
Today, Lithuania has emerged as one of the fastest growing digital assets markets in Europe. Notably, the country is recognized for its cryptocurrency and blockchains project. As such, the registration of Bitget with its authorities will help the exchange in its pursuit for international recognition.
Meanwhile, the Managing Director of Bitget exchange, Gracy Chen made some comments about the new feat. According to Gracy, the exchange has always adhered to various regulatory frameworks designed for digital assets. The exec believes that the global regulations of digital assets is advancing daily. She further noted that the exchange is actively observing these regulatory changes around the world.
According to her, the exchange has a whole team in place to focus on different regulatory compliance matters. Worthy of note that Bitget aims to create a top-notch and powerful team to support its compliance initiatives. Over the last 12 months, the exchange compliance team has grown by over 50%. This team incorporates professionalism and strength while also guaranteeing the company’s full adherence to all relevant regulations.
Certainly, Bitget seeks to offer products that complies with industry-driven security and credibility measures. Recently, it initiated a $30 million investment in BitKeep, a decentralized multi-wallet. According to the term of the investment, Bitget is now a controlling stakeholder in BitKeep. In addition, the exchange aims to use the investment fund to support the efficiency and security of BitKeep services. More so, both firms believe the partnership is a step forward in achieving their goal of bridging the gap between DeFi and CeFi.