ASIC Warns Bitget Over 125:1 Crypto Leverage Risks
@Roy, this matter is related to regulation and legal policy, so I’m assigning it to you.
Key Event Summary:
On July 28, 2025, the Australian Securities and Investments Commission (ASIC) issued a warning to cryptocurrency exchange Bitget for promoting unauthorized crypto derivative products to Australian investors. Bitget and its parent company, BTG Technology Holdings, were flagged for operating without holding the necessary financial services license. ASIC emphasized that the warning aims to protect individual investors from unregulated financial products in the crypto space.
호주 증권투자위원회, 무허가 암호화폐 파생상품 제공한 비트겟에 경고
2025년 7월 28일 - 호주 증권투자위원회(ASIC)는 암호화폐 거래소 비트겟(Bitget)과 그 모회사인 BTG 테크놀로지 홀딩스(BTG Technology Holdings)에 대해 호주 투자자들에게 무허가 암호화폐 파생상품을 홍보한 것에 대해 경고 조치를 내렸습니다. ASIC는 비트겟이 호주 금융 서비스(AFS) 라이선스를 보유하지 않고 있어 호주 내에서 금융 상품을 제공할 자격이 없다고 밝혔습니다.
ASIC는 이번 경고가 규제되지 않은 고위험 금융 상품으로부터 개인 투자자들을 보호하기 위한 조치임을 강조했습니다. 문제의 상품은 주로 암호화폐 선물(futures) 상품으로, 투자자가 암호화폐의 미래 가격 변동에 대해 투기할 수 있는 고위험 파생 투자 상품입니다.
특히 ASIC는 비트겟이 제공하는 과도한 레버리지에 대해 심각한 우려를 표명했습니다. 비트겟은 최대 125:1의 레버리지를 제공했는데, 이는 ASIC가 소매 투자자 보호를 위해 허가된 업체에 부과하는 2:1 레버리지 한도를 훨씬 초과하는 수준입니다. 이러한 높은 레버리지는 적은 자본으로 큰 포지션을 잡을 수 있게 하지만, 잠재적 이익과 함께 손실도 크게 증폭시켜 투자자에게 상당한 손실을 초래할 수 있습니다.
호주 법률상 AFS 라이선스가 없는 업체는 내부 분쟁 해결 절차나 고객 자금 보호와 같은 중요한 투자자 보호 장치를 제공할 의무가 없습니다. ASIC는 호주인들이 비트겟의 웹사이트와 앱을 통해 이러한 무허가 상품에 접근할 수 있었다고 지적했습니다.
비트겟은 호주의 금융거래보고분석센터(AUSTRAC)에 등록되어 있어 환전 서비스 제공은 허용되지만, 이는 파생상품과 같은 금융 상품을 제공할 수 있는 라이선스와는 다릅니다.
한편, 호주 외 다른 국가의 금융 규제 당국들도 비트겟에 대해 유사한 경고를 발표한 바 있습니다. 2022년부터 스페인, 오스트리아, 독일, 캐나다, 프랑스, 키프로스, 말레이시아, 일본 등의 규제 기관들이 비트겟의 무허가 운영에 대해 조치를 취했습니다. ASIC는 비트겟이 최근 자사 웹사이트와 앱에 ASIC의 허가를 받지 않았으며 호주 거주자를 대상으로 한 서비스가 아니라는 내용의 소비자 경고문을 추가한 사실을 인지하고 있다고 덧붙였습니다.
Roy, for your article on ASIC’s warning to Bitget, focus on presenting the key event clearly: ASIC’s intervention over Bitget’s unauthorized crypto derivatives offered to Australian investors. Start by explaining the regulatory issue—Bitget lacked the required AFS license—and detail why ASIC raised concerns, emphasizing high-risk leveraged products (125:1) and their potential for amplified losses. Avoid overloading with repetitive background on Bitget's global issues; include only brief context from other countries where relevant. Prioritize clarity in outlining ASIC’s consumer protection motives and the implications of unlicensed operations on investor safeguards. Keep the piece sharp and concise; lead with facts, not filler.
ASIC Warns Bitget Over 125:1 Crypto Leverage Risks
- The Australian Securities and Investments Commission (ASIC) has flagged Bitget for promoting high-risk crypto derivatives without a financial services license.
- ASIC emphasized investor protection, citing dangerous leveraged products exceeding regulated caps as a major concern.
The Australian Securities and Investments Commission (ASIC) has issued a formal warning to cryptocurrency exchange Bitget and its parent company, BTG Technology Holdings, for offering unauthorized crypto derivative products to Australian investors. Announced on July 28, 2025, the regulatory body highlighted that Bitget lacks the Australian Financial Services (AFS) license required to lawfully operate in the region. ASIC stressed that the action was a critical step toward safeguarding individual investors from high-risk, unregulated financial products, particularly in the volatile cryptocurrency sector.
On July 28, 2025, ASIC stated that Bitget had been marketing crypto futures products, allowing investors to speculate on price movements of digital assets. These products carry substantial risks due to extreme leverage ratios, which ASIC flagged as a key issue. While Australian law imposes a 2:1 leverage limit for authorized retail trading platforms, Bitget reportedly offered up to 125:1 leverage, amplifying potential losses for inexperienced investors. ASIC expressed grave concerns that such aggressive financial structures could substantially harm investors who might not fully understand the associated risks.
Additionally, ASIC noted that Bitget's operations bypass essential consumer protections granted under Australian law. Without an AFS license, the exchange is not obligated to implement safeguards like internal dispute resolution systems or measures to protect customer funds. This further heightens risks for users exposed to unauthorized financial tools through Bitget's platform, which remains accessible via its website and mobile application in Australia despite regulatory shortcomings.
ASIC also highlighted that while Bitget is registered with Australia's financial transaction monitoring agency, AUSTRAC, this registration merely permits currency exchange services and does not extend to derivative products. Similar regulatory concerns have been raised globally, with countries such as Spain, Austria, Germany, Canada, and Japan taking action against Bitget’s unlicensed offerings in recent years. The agency acknowledged that Bitget recently added disclaimers on its website stating it does not target Australian residents, though this move did not mitigate its non-compliance.
As of July 28, 2025, 09:41 UTC, Bitget Token (BGB) is trading at $4.684, with a 2.373% increase in 24-hour trading volume, according to market data.
