Crypto exchange Bitget is setting its sights on Lithuania as its strategic hub within the European Union. Already holding a virtual asset service provider license in the country, Bitget plans to establish a local office and hire compliance and operations personnel. This move comes as part of the company’s broader mission to align with upcoming EU-wide regulations.
Preparing for MiCA
The forthcoming Markets in Crypto-Assets (MiCA) framework aims to streamline and unify crypto regulations across the European Union. Bitget’s decision to strengthen its presence in Lithuania reflects its commitment to working closely with European regulators. The goal is to ensure that its services meet evolving standards while protecting user assets and privacy.
Global Regulatory Focus
Bitget’s focus on Lithuania complements the company’s broader strategy of prioritizing regulatory compliance in crypto-friendly jurisdictions. Already licensed in places like Poland, Australia, and Italy, the exchange has made regulatory adherence a cornerstone of its expansion plans.
According to Chief Legal Officer Hon Ng, Bitget’s move into Lithuania underscores its dedication to operating under strict security, compliance, and innovation protocols. Beyond Lithuania, the company recently resumed fully compliant operations in the U.K. and continues to seek regulatory approvals in over 15 global markets. Bitget had previously paused U.K. operations in response to new Financial Conduct Authority guidelines but is now fully aligned with the latest standards.
