Bitget exec says KYC is useful to filter out illegitimate users

Crypto exchange Bitget has grown considerably in spite of the obstacles brought by the bear market. The 2 spoke about Bitgets development amidst the bear market, pausing its expansion in Hong Kong and the United States, and why they think that implementing Know Your Customer (KYC) procedures is crucial for exchanges.A panel discussion at the Bitget occasion held in Singapore. Related: Taiwan to restrict unregistered, noncompliant foreign crypto exchangesWhen asked about the exchanges lack of presence in 2 key markets– the United States and Hong Kong– Chen noted that regulatory unpredictability in the U.S. is holding Bitget back from coming in.

Crypto exchange Bitget has actually grown considerably in spite of the obstacles brought by the bear market. The 2 spoke about Bitgets growth in the middle of the bear market, pausing its expansion in Hong Kong and the United States, and why they think that implementing Know Your Customer (KYC) procedures is important for exchanges.A panel conversation at the Bitget occasion held in Singapore. Related: Taiwan to limit unregistered, noncompliant foreign crypto exchangesWhen asked about the exchanges lack of presence in two key markets– the United States and Hong Kong– Chen kept in mind that regulative uncertainty in the U.S. is holding Bitget back from coming in.