1. PixelPlaygroundHome
  2. Web3 News

Bitget Completes Registration for Lithuania’s Cryptocurrency Business, Eyes Compliance and Ecosystem Building

• Web3 News • 148 views

On April 20th, it was announced that Bitget, a cryptocurrency trading platform, has completed the registration of Lithuania\’s cryptocurrency business. After completing the registra

Bitget Completes Registration for Lithuanias Cryptocurrency Business, Eyes Compliance and Ecosystem Building

On April 20th, it was announced that Bitget, a cryptocurrency trading platform, has completed the registration of Lithuania’s cryptocurrency business. After completing the registration, Bitget can provide cryptocurrency related services in the region, subject to compliance with Lithuanian laws and regulations. Bitget’s compliance team has grown by 50% in the past 12 months to support plans and requirements for compliance business development. At the same time, Bitget is actively building a complete Web3.0 ecosystem, having previously acquired BitKeep, a multi chain wallet with over 9.5 million users. During the blockchain cycle in Hong Kong, a $100 million Bitget Web3 fund has also been launched to promote the development of the crypto world and provide support for potential startups.

The encryption trading platform Bitget has completed the registration of Lithuanian cryptocurrency business

Bitget, the cryptocurrency trading platform, has announced the completion of its registration for Lithuania’s cryptocurrency business on April 20th. This move provides Bitget access to provide cryptocurrency-related services in the region, subject to compliance with Lithuanian laws and regulations.

Bitget’s Growth and Plans for Compliance Business Development

Bitget’s compliance team has grown by 50% in the past 12 months, supporting their plans and requirements for compliance business development. This growth reflects Bitget’s focus on meeting regulatory standards while providing services to digital asset traders.

Building a Complete Web3.0 Ecosystem

While complying with regulations is important, Bitget is not only adhering to standards but also building a complete Web3.0 ecosystem for its users. The company has previously acquired BitKeep, a multi-chain wallet with over 9.5 million users.
In addition, a $100 million Bitget Web3 fund has been launched during the blockchain cycle in Hong Kong. This fund aims to support potential startups in the development of the crypto world, promoting innovation and growth.

Benefits of the Registration in Lithuania

Completing the registration for Lithuania’s cryptocurrency business provides Bitget with a foothold in the region. The company will now be able to offer cryptocurrency services in Lithuania, which can lead to potential growth opportunities in this market. Moreover, Bitget’s compliance team is actively exploring regulatory compliance in other regions, expanding their reach further.

Conclusion

Bitget’s registration for Lithuania’s cryptocurrency business represents their growth and expansion in the industry. By prioritizing regulatory compliance and ecosystem building, Bitget is well-positioned for growth and success in the digital asset trading space.

FAQs

**1. What is BitKeep?**
BitKeep is a multi-chain wallet with over 9.5 million users, which Bitget has previously acquired.
**2. What is the Bitget Web3 fund?**
The $100 million Bitget Web3 fund is a startup fund launched to promote the development of the crypto world by supporting potential startups.
**3. In what other regions is Bitget exploring regulatory compliance?**
Bitget’s compliance team is actively exploring regulatory compliance in other regions to expand their reach. The specific regions have not been disclosed publicly.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/17546/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/20/2023 10:02
Next 04/20/2023 10:12

Recommended articles