Bitget on the way to global expansion: eight licenses and new strategies for success

• Hon ng, Chief Legal Officer at Bitget, has in one open letter commented on the strategic direction of the company.

• Bitget navigates through the developing regulatory landscape with over eight preserved licenses.

Bitget has already received registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, Great Britain, the Czech Republic and El Salvador. These successes are in line with the company’s strategy of working within the legal framework and supporting initiatives that promote advanced security and protection of users.

The legal and compliance teams work closely together to maintain additional licenses in countries that will further improve the accessibility and credibility of the platform.

One of the main goals for the coming year is the refinement of the company’s compliance protocols. A strict KYC process (know-your-customer) is implemented in order to optimize the user verification and at the same time to comply with the regulations for combating money laundering and terrorist financing.

Cooperation with supervisory authorities and law enforcement authorities remains an important aspect of Bitget’s compliance efforts. The company has set up direct communication channels with the authorities to facilitate transparent reporting and to improve the response times for suspicious activities.

Bitget is already working on an even stronger user protection, risk management functions and expanded security measures that strengthen the durability and credibility of the platform. This is in line with the goals of the company to maintain a safe, legal and user -oriented trading platform.

“Compliance is a continuous process that requires foresight and cooperation. Our goal is simple: we stick to the regulations, expand, work and grow. Our goal is still to make cryptocurrencies accessible to everyone worldwide, and every license and approval is another step in this direction,” says Hon of, Chief Legal Officer Bei Bitget.

While the cryptocurrency sector continues to develop, Bitget’s strategy, which focuses on regulatory compliance and global expansion, underlines the increasing importance of adapting to legal framework. Objections and compliance initiatives of the platform reflect a broader trend in the industry, in which security and transparency become significant priorities.