Crypto
derivatives and copy trading platform , Bitget, has successfully secured its registration in Lithuania, allowing the company to provide crypto-related
services in the region in accordance with local regulations.
Lithuania
is fast becoming a significant player in Europe’s digital asset market, with
its progressive approach to cryptocurrency and blockchain projects. The country
is at the forefront of the EU’s crypto legislative landscape, attracting
numerous companies seeking to establish legal entities for their crypto
ventures.
Bitget’s Managing
Director, Gracy Chen, emphasizes the importance of adhering to and following
the diverse regulatory frameworks for digital assets. She states that the
company actively collaborates with governmental bodies to promote a healthy
ecosystem for the crypto industry.
“The
global regulation of digital assets is advancing on a daily basis, and we
actively observe the regulatory changes around the globe,” Chen commented
in a press release sent to Finance Magnates.
Over the
past year, quite a few companies have applied for cryptocurrency licenses in
Lithuania. Among them was the popular exchange Gate.io, which is seeking to
boost its global presence, and the crypto asset custody solution HyperBC.
Nearly three years ago, the country was one of the first in the world to
officially launch its own digital token, LBCOIN. A year earlier it allowed…
