Bitget to establish EU headquarters in Vienna… "MiCA approval expected in Q2"

Global cryptocurrency exchange Bitget is setting up its European headquarters in Austria. Bitget expects to obtain the European Union (EU) Markets in Crypto-Assets (MiCA) license around the second quarter of this year.

Oliver Stauber, newly appointed CEO of Bitget EU, said in an interview with Cointelegraph on the 28th (local time) that “Bitget EU applied for a MiCA license in Austria last year,” adding that “we expect to receive approval during Q2.” Bitget EU plans to ramp up its EU operations in earnest after the license is approved.

Stauber was recently named the new CEO of Bitget EU. He previously served as chief legal officer (CLO) at Bitpanda and headed KuCoin’s EU operations, among other roles. Cointelegraph reported, “Stauber is expected to lead the expansion of the EU business as well as the establishment of (Bitget’s) European headquarters to be set up in Vienna, Austria.”

Bitget EU is expected to manage listed tokens under stricter requirements than its existing platform. Specifically, Bitget EU will list only tokens that meet all MiCA requirements, including white papers, disclosures and liquidity. Stauber said, “We are currently conducting a strict audit across our overall holdings,” adding, “(Bitget EU) will be similar to the existing platform, but will have a separate legal structure designed to reduce risks for EU users.”