El Salvador grants BitGet license to provide Bitcoin services

El Salvador has approved Bitget to offer bitcoin-related services in the country. The exchange is seeking additional approval to support more tokens.
On the 16th (local time), Bitget was approved as a Bitcoin Service Provider (BSP) by the Central Bank of El Salvador.
The approval allows BitGet to provide users in El Salvador with Bitcoin-related services, including fiat currency exchange, settlement, and other services.
Currently, Bitget is a digital asset service provider from the National Digital Asset Commission of El Salvador.
The company is currently awaiting further regulatory approval for a Service Provider License, which would allow it to offer trading services for digital assets other than Bitcoin.
"Latin America is a hub of cryptocurrency innovation," said Min Lin, Bitget's Chief Business Officer.
"There is huge potential for cryptocurrencies, and El Salvador stands out as a pioneer in boldly adopting Bitcoin as legal tender," he said. "As interest in cryptocurrencies grows worldwide,
"We see El Salvador as a gateway to realizing the potential of crypto assets," said Bitget, who is also a crypto asset service provider in Poland and Lithuania.
It holds an Ida license and in November last year re-entered the UK market after restricting access earlier this year to comply with local regulations.