BitGet gets green light to operate in crypto-friendly Lithuania.
registering in the Baltic state last June. Legal amendments to Anti-Money Laundering and Counter-Terrorism Financing rules were proposed to enforce tighter requirements for user identification and exchange operators.
Exchanges and crypto-service providers must register as a corporate body with a minimal threshold for startup capital investments of 125,000 euros . As reported by Bloomberg, Lithuania is also home to Bifinitey UAB, which is the payments provider for Binance Holdings Ltd. Data from Lithuania’s tax authority shows that the firm was the second biggest contributor of corporate tax in 2022.
BitGet’s Lithuanian registration comes in the same week as the European parliament is expected to pass the
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