Regulatory agencies from all over the world are rolling out frameworks for the cryptocurrency market. Recently, Europe approved the MiCA guideline and Hong Kong is set to release its own regulatory framework soon.

In response to this, crypto exchange Bitget expressed its support for all regulations that are designed to advance the cryptocurrency industry. Gracy Chen, the Managing Director of Bitget, commented:

“We believe that these regulations can help position the industry on a defined path for growth, protect consumers and assist in combating cyber crimes. We see the digital currency and its underlying technology as having the potential to bolster financial innovation and economic growth. We view the IOSCO, European Union and Hong Kong’s moves to advance the industry’s broad reach as being highly appreciated.”

Bitget is a leading cryptocurrency exchange with a daily trading volume of over $500 million. It is headed by Gracy Chen, a leader with expertise in global market strategies, and a metaverse and crypto enthusiast since 2014.

As cryptocurrency regulation continues to take shape around the world, Bitget is one of the exchanges that is striving to operate according to the set regulations.