Bitget secures BSP license from El Salvador’s Central Bank
16 December 2024 US
Image: ihalilyp/stock.adobe.com
Bitget has secured a Bitcoin Service Provider (BSP) license from Banco Central de Reserva de El Salvador.
The authorisation enables Bitget to offer services such as Bitcoin-to-fiat currency exchanges, Bitcoin payment facilitation, and secure Bitcoin custody solutions for its clientele.
In El Salvador, the BSP license permits Bitget to engage in Bitcoin-related activities, including buying, selling, storing, and transferring Bitcoin.
To broaden its service offerings to encompass other digital assets, Bitget is actively pursuing the Digital Assets Service Provider (DASP) license from the National Commission of Digital Assets.
This additional licensure would enable the platform to provide a more comprehensive range of cryptocurrency services beyond Bitcoin.
Min Lin, chief business officer at Bitget, says: "Latin America holds immense promise as a hub for crypto innovation, and El Salvador stands out as a pioneer with its bold embrace of Bitcoin as legal tender.
“Securing the BSP license is a regulatory milestone for Bitget. We’re here to fuel the region’s growth by providing secure, accessible, and innovative Bitcoin services. As the world’s interest in crypto accelerates, we see El Salvador as a gateway to unlocking crypto’s potential, enabling financial inclusion, and driving transformative change in real world use-cases.”
The authorisation enables Bitget to offer services such as Bitcoin-to-fiat currency exchanges, Bitcoin payment facilitation, and secure Bitcoin custody solutions for its clientele.
In El Salvador, the BSP license permits Bitget to engage in Bitcoin-related activities, including buying, selling, storing, and transferring Bitcoin.
To broaden its service offerings to encompass other digital assets, Bitget is actively pursuing the Digital Assets Service Provider (DASP) license from the National Commission of Digital Assets.
This additional licensure would enable the platform to provide a more comprehensive range of cryptocurrency services beyond Bitcoin.
Min Lin, chief business officer at Bitget, says: "Latin America holds immense promise as a hub for crypto innovation, and El Salvador stands out as a pioneer with its bold embrace of Bitcoin as legal tender.
“Securing the BSP license is a regulatory milestone for Bitget. We’re here to fuel the region’s growth by providing secure, accessible, and innovative Bitcoin services. As the world’s interest in crypto accelerates, we see El Salvador as a gateway to unlocking crypto’s potential, enabling financial inclusion, and driving transformative change in real world use-cases.”
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