In an open letter published by Chief Legal Officer Hon Ng, global crypto platform and web3 company Bitget, reaffirmed its commitment to regulatory compliance and global expansion. The letter outlines the company’s ongoing efforts to navigate evolving regulatory frameworks and enhance user protection through licensing, advanced security measures, and strategic cooperation with authorities.
Commitment to Regulation Compliance
According to the media release, Bitget is continuing to expand in the global crypto market by gaining regulatory approvals and growing its operations. The firm shared that it now holds over eight licenses and remains focused on compliance to provide users with a secure and transparent trading platform.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation, it’s a necessity; it’s about setting a standard for the industry and building a sustainable ecosystem for users.”
Hon Ng, Chief Legal Officer, Bitget
Currently, Bitget shared that it already received regulatory approvals in key countries like Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador which supports its goal of operating legally and improving user safety. The firm also noted that its legal team is working to get more licenses to boost the platform’s reach and trustworthiness.
Strengthening Compliance Infrastructure
The company stressed that it is enhancing user protection, risk management, and security features to make the platform more reliable and trustworthy.
In addition, Bitget emphasized that, in line with its commitment to responsible operations, it strictly follows international sanctions controls. The firm explained that users from restricted regions are blocked from accessing the platform, ensuring all activities stay within legal boundaries. 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 fast-changing digital asset landscape. As global regulatory discussions evolve, the firm affirmed that it is ready to adjust its framework to align with new policies and industry standards. Moreover, the legal team is actively engaging with policymakers to help shape responsible crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” Ng added.
Looking Forward
Bitget plans to strengthen its compliance measures in the coming year. This includes improving its Know Your Customer (KYC) process and following anti-money laundering and counter-terrorism rules. The company also noted that it is investing in tools to monitor transactions and prevent illegal activity.
Moreover, Bitget highlighted that it is working closely with regulators and law enforcement, setting up direct communication channels for faster and more transparent reporting. Accordingly, the firm noted that it is also using new technologies to improve global cooperation while protecting user privacy.
Alongside its regulatory progress, Bitget shared that it is also developing new products that meet compliance standards.
Recent Bitget Update
Bitget Wallet recently launched a $1 million on-chain staking pool for $BGB, offering a fixed 5% annual percentage yield (APY) with a 90-day lock-up period. This initiative aims to enhance $BGB’s presence in the on-chain ecosystem, providing users with a secure way to earn passive income while maintaining full control of their assets.
Last month, the crypto platform hosted the PayFi Event in Siargao to promote blockchain-based payments in the tourism and freelance industries, showcasing its PayFi system while engaging local businesses, digital nomads, and tourists in real-world crypto adoption.
In February, Bitget ranked 8th on Forbes’ list of the “World’s Most Trustworthy Crypto Exchanges”. Moreover, February 2025 report shows 186% total reserve ratio, with Bitcoin at 322%, Ethereum at 173%, and stablecoins exceeding 100%, highlighting financial stability and transparency.
This article is published on BitPinas: Chief Legal Officer: Bitget Expands Global Compliance Efforts
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