• Bitget is establishing its European hub in Lithuania, aligning with the EU’s MiCA framework for crypto compliance.
• Bitget integrates OmniConnect, enabling Telegram Web3 interactions across 500 blockchain networks for enhanced crypto ecosystem growth.

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Recently, Bitget has officially announced plans to create its European regional center in Lithuania as part of its continuous expansion strategy in the EU. This action fits the EU’s Markets in Crypto-Assets (MiCA) strategy, which aims to provide a consistent legal framework for digital assets all around.

Bitget hopes to actively prepare for compliance under the MiCA framework by focusing on Lithuania, thereby strengthening its position in Europe.

Bitget: Strengthening Regulatory Compliance in Europe and Beyond 

The company intends to open an office and recruit operational and compliance personnel in Lithuania as part of its get ready. Emphasizing the significance of this phase, Bitget’s Chief Legal Officer, Hon Ng, said:

“We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure and vibrant environment for digital innovation. Our vision for Europe goes beyond business expansion. The continent is at the forefront of the crypto revolution, and we are committed to contributing to its growing ecosystem of crypto startups.”

Bitget’s dedication to regulatory compliance goes outside of Europe. Licenses in big markets, including Poland, Australia, and Italy, have been secured by the exchange. Having lately returned to the UK market with completely compliant crypto services, it is actively seeking regulatory certifications in more than 15 countries globally.

Key emphasis is Lithuania, where Bitget has previously secured crypto registration, therefore demonstrating its commitment to openness and safe operations inside the territory.

Bitget is closely working with European authorities to make sure its products comply with legal criteria and provide user asset and data top priority. These proactive steps help Bitget to be among the fastest-growing compliant exchanges in the market as the MiCA framework starts operation.

Bitget’s aspirations in Europe also mirror its more general approach to improve the dependability and security of its offerings. Previously, CNF reported that in October, Bitget’s revised listing criteria, which now center on tokenomics, fully diluted values (FDV), and project team histories.

These improvements seek to increase security and lower user fraud risk. Bitget has also included OmniConnect to turn Telegram into a Web3 platform, therefore facilitating interactions with 500 blockchain networks.