VICTORIA, Seychelles, Aug. 16,
2024 /PRNewswire/ -- Bitget, the leading cryptocurrency
exchange and Web3 company, has announced the appointment of
Hon Ng as its Chief Legal Officer.
With over two decades of experience, Hon has extensively been
working with governments and policymakers for global corporations.
At Bitget, he will oversee the group's adherence to regulatory
requirements worldwide. This includes constructive and active
dialogues with regulators, gaining licenses in expansion markets
and innovating products for stronger compliance.
As an award-winning global lawyer, Mr. Ng has been recognized by
the Financial Times as one of the World's Top 20 Legal Leaders and
has won numerous legal awards for his work as General Counsel
including FT's Innovative Lawyer Award. Prior to Bitget, he was
General Counsel and Head of Government Affairs & Policy at
Binance, one of the largest crypto exchanges where he oversaw
Binance's efforts in licensing and compliance enhancement, as well
as its cooperation and settlement with worldwide regulators
including those in the U.S.
During Mr. Ng's time at Binance, the company had set up a
renowned Global Advisory Committee consisting of some of the best
minds from traditional-finance and former lawmakers. During Mr.
Ng's tenure, his work changed the way the industry approached
compliance and know-your-client (KYC) procedures. Prior to Binance,
he helped Uber grow from being a start-up to becoming a global
technology giant listed on the New York Stock Exchange. Before
going into tech, Mr. Ng was a Corporate and Mergers &
Acquisitions lawyer at leading global law firms Latham &
Watkins, White & Case and Herbert Smith Freehills. Hon is an
avid sports fan and currently sits on the Board committees of
various international organizations including the Asian Football
Confederation and the Hong Kong Football Association.
"Hon Ng's extensive experience in
digital and Web3-related legal and compliance affairs, as well as
his outstanding track record of solving complex corporate-level
issues and scaling businesses, have singled him out as the ideal
candidate for the position of Chief Legal Officer at Bitget," said
Gracy Chen, CEO at
Bitget.
Among the high-profile matters that Hon
Ng has overseen in the past some highlights include a
$500 million acquisition of a
strategic stake in X (formerly Twitter Inc.) in consortium with
Elon Musk, over 30 simultaneous
multi-regulator investigations and cooperation in the crypto-space,
extensive assistance to governments to create a new regulatory
frameworks from scratch for digital assets, and obtaining over 17
licenses and registrations in crypto despite unprecedented
headwinds for the industry. He was also extensively involved in
driving a $465 million sale of a 51%
stake in Lion City Rentals and a $2
billion merger of Uber's Southeast Asian business with
Grab.
"I am thrilled to be joining Bitget as its new Chief Legal
Officer. Bitget is one of the world's most innovative and fastest
growing companies in the Web3 sector. The regulatory environment in
digital assets is rapidly evolving. I am delighted to be able to
bring my extensive experience to help the Group navigate this
complex regulatory landscape and support Bitget's continued growth.
This is an exciting opportunity for me to be working with
incredibly talented people and to continue to be able to enhance
the industry's culture of compliance, working side-by-side with
regulators, in order to contribute meaningfully to the
sustainability of the digital assets ecosystem," commented
Hon Ng, CLO of Bitget
regarding his appointment.
"We at Bitget are delighted to welcome Hon as part of the
team. The presence of such talent and experience as his, combined
with our steadfast determination to adhere to our core values, is
what gives our exchange a distinctive edge in terms of legal
compliance," as Gracy Chen, CEO
of Bitget commented on the addition to the exchange's team.
With over 20 years of professional experience, Hon Ng is a perfect match for the highly
demanding position of Chief Legal Officer at Bitget. Bitget is
confident that Hon Ng will help the
platform strengthen its compliance culture, and grow in line with
its core values and goals of advancing the adoption of
cryptocurrencies and blockchain worldwide.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 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 Turkish National athletes Buse
Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş
(Boxing gold medalist) and İlkin Aydın (Volleyball national
team).
For more information, visit: Website | Twitter | Telegram |
LinkedIn | Discord | Bitget Wallet
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