- ASIC has warned that Bitget is promoting unlicensed, high-leverage crypto derivatives that exceed Australia’s regulatory limits.
- The exchange has continued hosting events nationwide, including at universities, despite regulatory concerns.
- New legislation aims to tighten oversight by introducing mandatory licensing and stronger investor protections.
Bitget’s promotional activity in Australia is facing scrutiny after the Australian Securities and Investments Commission (ASIC) warned about the platform’s unlicensed crypto derivatives offerings.
The regulator highlighted that Bitget has been marketing futures products with leverage as high as 125:1, far exceeding Australia’s 2:1 cap designed to limit…
