PANews reported on December 16 that according to Bitget official news, the Central Reserve Bank of El Salvador (Banco Central de Reserva) recently granted Bitget a Bitcoin Service Provider (BSP) license. At the same time, Bitget is applying for a Digital Asset Service Provider (DASP) license from the National Commission of Digital Assets of El Salvador to further expand its service scope. In order to strengthen its layout in the Latin American market, Bitget plans to establish a local team in El Salvador to support business operations and enhance user experience.
Min Lin, Chief Commercial Officer of Bitget, said: "Latin America is a core region for crypto innovation with huge potential. As the first country to make Bitcoin a legal tender, El Salvador has important implications for promoting the development of the industry. Obtaining the BSP license is an important step in Bitget's globalization strategy. We are committed to promoting the development of the crypto ecosystem in the region and promoting financial inclusion and regional economic growth by providing secure, convenient and innovative services.
