In an open letter published by the legal director Hon NG, the Global Cryptography Platform and the Web Bitget company, reaffirmed its commitment to regulatory compliance and global expansion. The letter describes the continuous efforts of the company to navigate in the evolving regulatory frameworks and improve user protection through licenses, advanced security measures and strategic cooperation with the authorities.
Commitment to compliance with regulation
According to the press release, Bitget continues to expand in the global cryptography market by obtaining regulatory approvals and increasing its operations. The firm shared that it now has more than eight licenses and remains focused on user compliance to provide users with a safe and transparent negotiation platform.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive measures to work together with the authorities to guarantee responsible growth. Compliance is not an obligation, it is a necessity; it is about establishing a standard for the industry and building a sustainable ecosystem for users.”
Hon of, Legal Director, Bitget
Currently, Bitget shared that he has already received regulatory approvals in key countries such as Australia, Italy, Poland, Lithuania, the United Kingdom, the Czech Republic and El Salvador, which supports its objective of legally operating and improving user safety. The firm also noted that its legal team is working to obtain more licenses to increase the scope and reliability of the platform.
Strengthening compliance infrastructure
The company emphasized that it is improving user protection, risk management and security characteristics to make the platform more reliable and reliable.
In addition, Bitget emphasized that, in line with his commitment to responsible operations, international sanctions controls strictly follow. The firm explained that users of restricted regions are blocked to access the platform, ensuring that all activities are maintained within legal limits. The company’s compliance team also actively monitors global regulatory changes and adjusts policies accordingly.
The statement also noted that Bitget’s legal and compliance strategy is designed to keep up with the landscape of digital assets that change rapidly. As global regulatory discussions evolve, the company said it is ready to adjust its framework to align with new industry policies and standards. In addition, the legal team is actively involved with those responsible for formulating policies to help shape the responsible cryptographic regulations.
“Compliance is a continuous process that requires forecast and collaboration. Our goal here is simple: we meet, expand, operate and grow. Our approach remains accessible to cryptography for all worldwide, and each license and approval is a closer step,” NG added.
Thinking about the future
Bitget plans to strengthen its compliance measures in next year. This includes improving its knowledge process of your client (KYC) and follow the anti-launching rules of money and anti-terrorism. The company also pointed out that it is investing in tools to monitor transactions and prevent illegal activities.
In addition, Bitget stressed that he is working closely with regulators and the application of the law, establishing direct communication channels for faster and transparent reports. Consequently, the firm pointed out that it is also using new technologies to improve global cooperation while protecting user privacy.
Together with its regulatory progress, Bitget shared that it is also developing new products that meet compliance standards.
Bitget’s recent update
Bitget Wallet recently launched a group of $ 1 million chain bets for $ BGB, offering a fixed annual percentage yield of 5% (APY) with a 90 -day block period. This initiative aims to improve the presence of $ BGB in the ecosystem in the chain, providing users with a safe way to obtain passive income while maintaining total control of its assets.
Last month, the cryptographic platform organized the PayFI event in Siargao to promote blockchain -based payments in the tourist and independent industries, showing its PayFI system while involving local companies, digital nomads and tourists in the cryptographic adoption of the real world.
In February, Bitget occupied the eighth place in the Forbes list of the “most reliable cryptographic exchanges in the world.” In addition, the February 2025 report shows a total reserve ratio of 186%, with Bitcoin at 322%, ethhereum at 173%and the stable that exceed 100%, which highlights financial stability and transparency.
This article is published in Bitpins: Legal Director: Bitget expands global compliance efforts
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