Bitget secures El Salvador DASP licence
04 April 2025 El Salvador
Image: stock.adobe.com/Julio
Bitget has secured a Digital Asset Service Provider (DASP) license from El Salvador’s National Commission of Digital Assets (CNAD).
The licence allows the cryptocurrency exchange and Web3 company to expand its regulatory framework within the country amid El Salvador passing legislation to support the integration of Bitcoin and digital assets into its financial ecosystem.
The obtaining of the DASP licence follows 2024’s acquisition of the Bitcoin Services Provider (BSP) license in 2024.
By possessing both licences, Bitget can now offer digital asset services within the country.
Hon Ng, chief legal officer at Bitget, says: “El Salvador has been ahead of many with its progressive and transparent approach to Bitcoin and digital asset regulation, making it an attractive jurisdiction for good quality Web3 companies aiming to operate responsibly at scale.
“Bitget will continue to support jurisdictions that offer clear frameworks and support the development of a secure, efficient crypto economy.”
The licence allows the cryptocurrency exchange and Web3 company to expand its regulatory framework within the country amid El Salvador passing legislation to support the integration of Bitcoin and digital assets into its financial ecosystem.
The obtaining of the DASP licence follows 2024’s acquisition of the Bitcoin Services Provider (BSP) license in 2024.
By possessing both licences, Bitget can now offer digital asset services within the country.
Hon Ng, chief legal officer at Bitget, says: “El Salvador has been ahead of many with its progressive and transparent approach to Bitcoin and digital asset regulation, making it an attractive jurisdiction for good quality Web3 companies aiming to operate responsibly at scale.
“Bitget will continue to support jurisdictions that offer clear frameworks and support the development of a secure, efficient crypto economy.”
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