Bitget Secures Bitcoin Service Provider License in El Salvador to Boost Crypto Ecosystem

In a significant development for the cryptocurrency landscape, the Central Reserve Bank of El Salvador has officially issued a Bitcoin Service Provider (BSP) license to Bitget. This pivotal move, announced on December 16, marks a milestone in Bitget’s efforts to solidify its presence in the Latin American crypto market. To augment its service offerings, Bitget is simultaneously pursuing a Digital Asset Service Provider (DASP) license from the National Commission of Digital Assets of El Salvador.

Moreover, Bitget’s initiative to form a localized team in El Salvador is aimed at optimizing operational efficiency and enhancing the overall user experience. Min Lin, Chief Business Officer of Bitget, emphasized the strategic importance of Latin America as a burgeoning hub for crypto innovation. With El Salvador’s pioneering decision to adopt Bitcoin as legal tender, the region holds substantial potential for advancing the cryptocurrency industry. Bitget’s acquisition of the BSP license aligns with its overarching goal of fostering financial inclusion and supporting regional economic growth through innovative, secure, and user-driven services.