Singapore suspends Bitget exchange license over K-Pop coin promotion

Singapore suspends Bitget exchange license over K-Pop coin promotion

The Singapore-based Bitget exchange has reportedly lost its license after a legal tussle with the agency for K-Pop boy band BTS. Singapore-headquartered digital asset platform, Bitget, has reportedly been suspended by the Monetary Authority of Singapore after getting into a dispute with an agency for the popular K-Pop boy band BTS.As reported by the Financial Times on Dec. 5, Bitget lost the Singapore license following the controversial listing of a new K-Pop-related cryptocurrency called Army Coin. However, the crypto exchange still claims to have licenses in other jurisdictions such as....


Related News

Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-E...

Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner. Established in 1897, Juventus is one of most time-honored and award-winning football clubs worldwide. It was the first club in the history of football to win all the major international trophies with 38 Serie A titles, 2 Champions League titles, and 3 UEFA Cups. Juventus is one of the top ten football clubs in the....

Bitget CopyTrade Hits 7000 Professional Traders

Recently, Bitget released official news that as of now, more than 7,075 traders have settled in Bitget One Click to Copy Trade, and over 5.54 million orders have been finished. Bitget is a world-renowned derivatives trading platform. According to data from CoinMarketCap, the world’s largest crypto ranking platform, Bitget has an average daily futures trading […]

Crypto derivatives exchange Bitget to list USDC as collateral for margin trading

The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle. Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives.The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin issuer Circle, as reported by Crowdfund Insider on Monday.Bitget will support USDC margin for Quanto Swap Contract trading as part of the partnership, a move the exchange says will provide more liquidity for the....

Derivatives Exchange Bitget Opens Global Ambassador Program to Crypto Lovers

PRESS RELEASE. Top6 Derivatives Exchange Bitget has launched a Global Ambassador Program in its latest announcement. Any crypto enthusiasts, professional traders, crypto community leaders and KOLs can apply to become a Global Ambassador of Bitget. Successful applicants can engage in community development of Bitget and share profits from its growth. What is a Global Ambassador? The past year has witnessed an excellent performance of Bitget in market expansion thanks to its efforts in compliance and localization. To better accommodate the rapid development of global markets and serve local....

Bitget Will Launch USDT Unified Account and Quanto Swap Contract in Late March

The derivatives exchange Bitget issued an official announcement that in order to meet the needs of more trading users and improve user experience, Bitget will officially launch USDT Unified Account and Quanto Swap Contract at the end of March. Several days ago, Bitget launched a new feature voting and set up a $100,000 prize pool […]