Bitget Seeks License in Bhutan as Global Expansion Continues

Bitget, a Singapore-based cryptocurrency derivatives exchange, is exploring the possibility of establishing a licensed presence in Bhutan. According to reports, Bitget has been seeking regulatory approval from the Royal Monetary Authority (RMA) of Bhutan, which oversees the country's financial sector.

The move comes as part of Bitget's efforts to expand its global footprint and provide cryptocurrency services to a broader range of users. The exchange has already obtained licenses in several jurisdictions, including Singapore and Australia.

While details about the proposed operations in Bhutan are scarce, industry observers believe that the country's relatively stable regulatory environment could make it an attractive destination for cryptocurrency businesses.