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Crypto Exchange BitGet Seals Lithuanian Crypto Registration

Cryptocurrency trading platform BitGet has registered as a service provider in Lithuania, allowing the Seychelles-based firm to operate in the European country. The exchange has met compliance standards with regional laws and regulations in the Baltic state, which is identified as an emerging digital asset market in Europe and a haven for cryptocurrency and blockchain projects. Lithuania has seen a fivefold increase in cryptocurrency company registrations through 2022, and BitGet noted that it remains a favorable hotspot for cryptocurrency users and companies looking to register legal entities to offer cryptocurrency-related services. The registration comes in the same week as the European parliament is expected to pass the Markets in Crypto-Assets legislation.

(By GARETH JENKINSON)

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