Bitget Secures Georgia Regulatory Greenlight – Turbocharging Eastern Europe’s Crypto Onchain Revolution

Crypto exchange Bitget just hacked through another regulatory barrier—this time in Georgia. The license positions them as a gatekeeper for Eastern Europe's booming onchain economy. Traders, meet your new compliance-approved playground.

Why Georgia? Because even crypto giants need a foothold where regulators haven't outlawed math yet. The country's becoming a unexpected hotspot for blockchain infrastructure—cheap power, friendly laws, and exactly zero legacy banks crying about 'disruption'.

Eastern Europe's crypto goldrush just got a major accelerant. Bitget's move mirrors Binance's 2023 Lithuania playbook—regulatory chess while the SEC back home drowns in paperwork. Next stop? Probably Moldova, where politicians are reportedly mining Bitcoin between parliamentary sessions.

One cynical footnote: Another 'regulated' exchange enters a market where most users still can't spell KYC. Progress—or just regulatory arbitrage bingo? Either way, the onchain revolution marches on.

A Strategic Move for Eastern European Expansion

Bitget CEO Gracy Chen emphasized that entering Georgia is part of the exchange’s wider mission to operate in markets that recognize crypto’s long-term potential.

“Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance,” she said. “Georgia is an example of how strategic policymaking can open doors for growth while guarding users’ safety and increasing accessibility.”

Major digital asset platforms are turning their focus to Eastern Europe, attracted by the region’s supportive regulations and expanding user base. Several countries are now setting the standard for clear, lawful, and transparent crypto operations.

For Bitget, this means engaging with governments and regulators that support responsible innovation, ensuring compliance while facilitating expansion.

Global Licensing Strategy in Motion

The Georgian license is the latest addition to Bitget’s expanding regulatory footprint. The company already holds authorizations across Europe, Latin America, and Asia-Pacific, including AUSTRAC in Australia, OAM registration in Italy, and VIRTUAL Asset Service Provider listings in Lithuania, Poland, Bulgaria, and the Czech Republic.

In the UK, Bitget operates under the Financial Conduct Authority through Archax Ltd, while its registrations in El Salvador and Argentina strengthen its presence in the Latin American market.

Bitget Mulls Singapore Exit After License Threat

Bitget and Bybit are reportedly preparing to scale back operations in Singapore following a final warning from the country’s central bank that threatens their ability to serve overseas clients. Both firms have operated in the city-state without a full license and now face a June 30 deadline to comply or withdraw.

Bitget and Bybit may exit Singapore as a looming regulatory deadline bars unlicensed crypto firms from serving overseas clients.#Bitget #Bybit https://t.co/Am244781Pq

The Monetary Authority of Singapore (MAS) last week ordered all digital token service providers without a formal license under the Payment Services Act to cease overseas activities. The directive leaves little room for negotiation and applies even to firms awaiting full approval.

Offshore exchanges with front-office teams or international customers are included in the ban, according to the MAS.