Bitget, a digital asset trading platform, has received approval to operate in Georgia. This marks another step in its expansion within Eastern Europe.
Bitget's Expansion in Eastern Europe
Bitget has obtained regulatory approval in Georgia to operate as a digital asset exchange and custodial wallet provider within the Tbilisi Free Zone. This expansion of licensing in Eastern Europe aligns with the growing interest in cryptocurrency regulation in the region. The platform has been actively operating in Europe since the implementation of MiCA, holding licenses in the UK, Italy, Poland, Bulgaria, Lithuania, and the Czech Republic.
New Features of Bitget Wallet in Vietnam
Bitget Wallet has launched national QR payment support in Vietnam as part of its PayFi initiative. This new feature allows users to make crypto payments using VietQR, the country's national QR code standard. Users can pay with stablecoins like USDT and USDC across multiple blockchains. The platform collaborates with licensed partner AEON and supports over 55 banks and payment institutions.
Regulatory Climate in Georgia and Vietnam
Georgia continues to stand out in the European market due to its favorable business environment and supportive regulatory framework. The Georgian government actively engages with businesses when shaping crypto-related laws. In Vietnam, on June 14, the National Assembly approved the Digital Technology Industry Law, which formally recognizes crypto assets and sets standards for cybersecurity, further promoting the sector's growth.
Bitget's licensing in Georgia and new Wallet functionalities in Vietnam exemplify the company's strategic expansion in the evolving regulatory landscape of Eastern Europe and Southeast Asia.
