ASIC Warns on Bitget’s Unlicensed Crypto Futures
ASIC is warning Australian investors against investing in unlicensed cryptocurrency futures products offered by BTG Technology Holdings Limited and its related entities (Bitget).
Bitget does not hold an Australian Financial Services (AFS) licence, meaning it is not permitted to promote or encourage Australian investors to invest in its financial products.
Australians investing in unlicensed financial products are unable to access important rights and protections available under Australian financial services laws such as internal dispute resolution processes or client money protections, should something go wrong.
Advertised as ‘Crypto futures trading’, Bitget’s unlicensed products are offered through the Bitget website and the…
