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Bitget Announces Vugar Usi Zade as Chief Operations Officer

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VICTORIA, Seychelles, Jan. 11, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, today announced the appointment of Vugar Usi Zade as Chief Operations Officer.

With a 15-year career as a management and communications expert, Vugar brings expertise to the forefront. His journey includes impactful roles in Fortune 500 companies and fast-paced startups. Before joining Bitget as Chief Operations Officer, Vugar served as the Chief Marketing Officer at Beincrypto and as the Head of Marketing at SONY. Prior to these roles, he held senior positions at renowned companies such as Facebook, Danone, and Carlsberg. Vugar also has a solid background as a seasoned management consultant, having served as a Senior Manager at Bain and Company, focusing on Private Equity Ventures. Holding master’s and post-graduate degrees from Harvard University and the University of Oxford, Vugar is a published author and researcher.

“Vugar brings decades of senior leadership experience in the finance industry with a focus on new technologies, growth, and global regulation,” said Gracy Chen, Managing Director at Bitget. “Over the past years, we’ve achieved remarkable growth, establishing ourselves as a leader in the crypto industry. This success has enabled us to attract top-caliber senior executives from diverse backgrounds. We are delighted to welcome Vugar Usi Zade as our new Chief Operations Officer, a strategic move reinforcing our commitment to long-term development. His extensive experience building and scaling global businesses will be invaluable as we strive to realize our vision of becoming the world’s leading crypto exchange. Under Vugar’s guidance, I am confident that Bitget will maintain the agility required to consistently strengthen our platform in a compliant way and meet the evolving needs of users worldwide, driving the next phase of our global growth.”

As the newly appointed COO of Bitget, Vugar usi Zade will play a crucial role in spearheading and scaling the company’s global business growth. His responsibilities include leading go-to-market teams and overseeing strategic expansion efforts. Additionally, Vugar will be instrumental in enhancing Bitget’s presence and influence within the broader crypto ecosystem, contributing significantly to the platform’s continued growth under the legal and regulatory framework of each key market.

Over the past two years, Bitget has experienced tremendous growth despite market volatility. The company achieved significant milestones, including substantial business growth and establishing a partnership with global football star Lionel Messi to promote Web adoption. According to Bitget’s newly-published Transparency Report in 2023, Bitget cemented its position as one of the top 5 derivatives trading platforms and top 10 spot exchanges with over 20 million users. To sustain healthy and compliant growth, Bitget’s team has expanded rapidly to over 1,500 employees across various functions and geographies.

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“I consider myself fortunate to have personally experienced the robust security, power, and overall excellence of Bitget as a customer. I am thrilled to join Gracy and the management team as we embark on the next chapter of accelerated growth in the dynamic cryptocurrency landscape. With Bitget’s solid foundation and ambitious vision, my enthusiasm is directed toward driving operational excellence and expanding the company’s strategic reach in this rapidly evolving industry. Bitget has rightfully earned its place as an industry leader through innovative product offerings and a steadfast commitment to users. Leveraging my expertise in business expansion, partnership cultivation, and optimizing global operations, I am committed to fortifying Bitget’s presence across key regions,” said Vugar Usi Zade.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

Photo – https://mma.prnewswire.com/media/2315735/Bitget_Announces_Vugar_Usi_Zade_Chief_Operations_Officer.jpg

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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