Singapore Regulator Suspends Operations of Bitget Cryptocurrency Exchange

The Central Bank of Singapore (MAS) has suspended Bitget’s operation due to the Bitget cryptocurrency exchange’s disagreement with the Korean pop group BTS.

The dispute was released by Bitget on October 25, which took its name from the group’s fans. Army Coin emerged with the introduction of a cryptocurrency called The exchange used footage of the group, although it has no official affiliation with the group, and has been telling BTS fans. “lifetime financial support” He said he would provide.

BTS’s executive agency Hybe said in a statement on the matter. The exchange has no official affiliation with the group. told. If there is no change threatening to take legal action found.

Hype also said that anyone who bought the cryptocurrency and suffered financial loss should go to the nearest police station and testify. Agency:

We are currently investigating violations in this case, including violations of our artists’ portrait rights. We will take legal action against all violations.

said.

Bitget was founded in Singapore in 2018 and claims to have more than 1.5 million registered users around the world. In September, he signed a sponsorship deal with Italian football club Juventus.

source site-9