Seychelles-headquartered cryptocurrency exchange Bitget announced on Tuesday that it successfully registered as a virtual asset service provider in Poland.
See related article: Bitget crypto exchange doubles down on expansion, to hire 300 more
Fast facts
- Bitget has been expanding its presence in the European Union. It completed its Lithuania registration in April.
- Earlier this year, Binance, the world’s largest crypto exchange, also received a license to operate in Poland, while also securing authorization in other EU member states like Sweden, France, Italy, Lithuania, Spain, and Cyprus.
- Last week, the EU’s Markets in Crypto Assets regulation received unanimous approval from finance ministers from all 27 member states.
- The EU’s legal framework is one of the world’s first comprehensive legislations for the Web3 industry.
See related article: Hong Kong? Singapore? Tokyo? Seoul? Dubai? The race is on for the Web3 hub of Asia | Part 1