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In: Australia, Bitget, Regulation

ASIC has warned that Bitget is selling unlicensed, high-leverage crypto derivatives that exceed Australia’s regulatory limits. The alternate has continued internet hosting occasions nationwide, together with at universities, regardless of regulatory considerations. New laws goals to tighten oversight by introducing necessary licensing and stronger investor protections. Bitget’s promotional exercise inContinue Reading

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In: Bitget, Chainlink, Security

Bitget integrates Chainlink Proof of Reserve for BGBTC verification. Users gain real-time assurance that assets are fully backed. Integration strengthens trust after market volatility and reserve concerns. Bitget has integrated Chainlink’s Proof of Reserve on Ethereum to provide continuous verification for its wrapped Bitcoin token, BGBTC. This adoption ensures thatContinue Reading

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In: ASIC, Bitget

Australia’s financial regulator, ASIC, has issued a public warning against crypto exchange Bitget for allegedly promoting high-risk derivatives with extreme leverage to Australian users without the required AFS license. ASIC emphasised that these unlicensed products expose investors to significant losses and strip them of crucial protections under Australian financial servicesContinue Reading