Bitget Obtains License in Georgia... "Expanding European Operations"

JOON HYOUNG LEE

Summary

It was reported that Bitget obtained approval to operate a digital asset exchange and custody service in Georgia.
With the approval in Georgia, Bitget announced that it has expanded its licenses into the Eastern European region.
Bitget's CEO stated that Georgia is an important market that offers regulatory clarity and tax benefits.

Global cryptocurrency exchange Bitget has obtained business operation approval in Georgia.

According to Cointelegraph on the 19th (local time), Bitget recently received approval to provide digital asset exchange and custody services in the Tbilisi Free Industrial Zone (TFZ) of Georgia. Cointelegraph reported, "Since the enactment of the European Union (EU) MiCA law last year, Bitget has been expanding its business into the European market," and added, "With the approval in Georgia, Bitget has expanded its licenses into the Eastern European region."

Bitget has already been known to have obtained cryptocurrency business approval in countries such as the United Kingdom, Poland, and Italy. Gracy Chen, CEO of Bitget, told Cointelegraph, "Georgia is emerging as a key (cryptocurrency) market that offers regulatory clarity, tax benefits, and a growing base of real users."

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