Bitget Secures License in El Salvador
Crypto exchange Bitget has been given authorization to provide Bitcoin-related services in El Salvador.
On December 16, Bitget announced that it had obtained a Bitcoin Service Provider license from the Central Reserve Bank of El Salvador. This allows Bitget to offer various services involving Bitcoin such as exchanging fiat currencies, payment services, and secure custody solutions to users in the country.
The exchange is currently waiting for regulatory approval for a digital asset service provider license from El Salvador’s National Commission of Digital Assets. Approval for this license would allow Bitget to offer similar trading services for other digital assets besides Bitcoin.
Min Lin, Bitget’s chief business officer, shared that Latin America has great potential for growth in the crypto industry and El Salvador is leading the way by adopting Bitcoin as legal tender. He also believes that as global interest in crypto increases, El Salvador can serve as a gateway for unlocking its potential.
Aside from El Salvador, Bitget is also licensed as a virtual asset service provider in Poland and Lithuania. In November, the exchange resumed operations in the United Kingdom after temporarily shutting down to comply with local laws.
