The cryptocurrency exchange Bitget has released an open letter from its Chief Legal Officer, Hon Ng, outlining the company’s efforts to comply with regulatory requirements and expand its operations globally.
This is reported by Бізнес • Медіа
The statement emphasizes that Bitget continues to strengthen its presence in the global crypto market by obtaining approvals from regulators and scaling its operations. With a focus on compliance, the company is successfully adapting to new requirements, ensuring a safe and transparent trading environment.
Company’s Strategic Plans
Hon Ng outlined Bitget’s strategic direction, highlighting the importance of open dialogue with regulators and announcing upcoming initiatives that will impact the platform’s development. He stated:
“The regulatory environment for digital assets is becoming increasingly clear, and Bitget is taking proactive steps by collaborating with authorities to ensure sustainable growth. Compliance is not just an obligation, but a necessity; it sets standards for the entire industry and creates a reliable ecosystem for users.”
The press release also mentions that Bitget has received registration and approval in several key jurisdictions, including Australia, Italy, Poland, Lithuania, the United Kingdom, the Czech Republic, and El Salvador. These steps reflect the company’s strategy regarding legal operations and initiatives to enhance security and user protection.
Enhancing Security and Compliance
One of the priorities for the upcoming year is to improve regulatory compliance procedures. The company added:
“Bitget is implementing enhanced Know Your Customer (KYC) processes to optimize user verification and comply with anti-money laundering and counter-terrorism financing regulations. Concurrently, modern transaction monitoring tools are being introduced to detect and prevent illegal activities, adhering to the highest standards of financial integrity.”
Collaboration with regulators and law enforcement remains a key element of the company’s compliance strategy. Bitget has direct communication channels with authorities, allowing for transparent reporting and prompt responses to suspicious activity.
Bitget also emphasized that its legal and compliance strategy is focused on flexibility and adaptation to the rapidly changing world of digital assets. The company is ready to adjust its approaches according to new requirements and standards, and actively collaborates with lawmakers for responsible development of crypto regulation.
Hon Ng concluded:
“Compliance is an ongoing process that requires strategic thinking and collaboration. Our goal is simple: to comply, expand, act, and grow. We strive to make crypto accessible to everyone, and every license is a step toward that goal.”
Continuous expansion and active work on compliance strengthen Bitget’s position as one of the market leaders, affirming their intention to remain one of the most reliable cryptocurrency exchanges in the world.
The full text of the letter is available at the link.