Today news
About the same in other media
Singapore suspends Bitget exchange license over K-Pop coin promotion
Reading now: 940
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 Australia, Canada, and the United States.
The issue arose on Oct. 25, when the Bitget exchange shared a tweet promoting Army Coin, which is named after the South Korean boyband's followers.
It allegedly used misleading information such as, “This coin exists for the benefit of BTS” and
Read more on cointelegraph.comAbout this in other media
Binance affiliate says will withdraw Singapore licence application economictimes.indiatimes.com /2 years ago
Binance Singapore to wind down all operations by February 2022 ambcrypto.com /2 years ago
Gate.io To Launch First Futures Trading Competition With USD 2 Million In Prizes, Widest Variety of Coins cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
