Bitget’s Commitment to Global Compliance
The Chief Legal Officer of Bitget, Hon Ng, has released an open letter emphasizing the platform’s dedication to compliance on a global scale, alongside detailing an array of strategic initiatives for expansion. In his communication, Ng highlighted that Bitget has successfully acquired more than eight regulatory licenses across various nations, including Australia, the United Kingdom, Italy, Poland, Lithuania, the Czech Republic, and El Salvador. He pointed out the company’s ongoing efforts to enhance its compliance strategy in even more jurisdictions.
Importance of Compliance
Ng stressed the importance of compliance, stating,
“It is not merely an obligation but a vital foundation for promoting industry standards and fostering a sustainable crypto ecosystem.”
He reiterated the company’s commitment to prioritizing user experience by establishing a secure, transparent, and compliant trading environment for its global clientele.
Future Plans for Compliance Framework
Looking ahead to the coming year, Bitget plans to strengthen its compliance framework significantly. This will involve optimizing Know Your Customer (KYC) processes and anti-money laundering (AML) strategies, alongside boosting investments in advanced tools for risk management. Ng shared that the compliance team at Bitget actively tracks global regulatory changes to ensure that its strategies are adaptive and can swiftly respond to any policy shifts while maintaining regulatory adherence.
Global Cooperation and User Protection
Moreover, Bitget is committed to enhancing global cooperation on compliance matters by setting up direct lines of communication with various regulatory agencies. This initiative aims to improve transparency and efficiency in handling regulatory requirements. The platform is dedicated to rolling out innovative products that align with regulatory standards, all while striving to enhance user protection measures and strike a balance between compliance and innovation.
Legal Conduct and User Restrictions
In line with international regulatory guidelines, Bitget also enforces restrictions to prevent access from users in regions where it cannot operate legally, ensuring that all of its activities are conducted securely and within legal parameters.
