Bitget announces the establishment of a European office and appoints a director

Oliver Stauber has been appointed CEO of the future European division, representatives of the crypto platform told Bits.media. Prior to joining Bitget, Stauber served as Managing Director and CEO of KuCoin EU Holding, the Vienna-based entity of the KuCoin crypto exchange. He previously also worked as Chief Legal Officer at the crypto platform Bitpanda. As a top executive, Stauber was responsible, among other things, for licensing and interaction with supervisory authorities across several jurisdictions.

Bitget announced that it intends to operate in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCAR). Gaining the trust of regulators is among the key tasks of the new top executive, Bitget explained. Europe remains an important region for the company, representatives of the exchange assured.

New rules governing the operation of crypto exchanges in the European Union came into force in January last year. The European Banking Authority (EBA) required crypto platforms to provide information on transaction participants for transfers exceeding €1,000. Personal data of both the sender and the recipient must be collected. Service providers are obliged to store this information for five years.

See also: "OKX launches a non-custodial Mastercard-backed card in Europe"

#Bitget

Share: