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From Binance to Bitget: Who is Bitget’s Award-Winning New Chief Legal Officer?

Photo for the Article - From Binance to Bitget: Who is Bitget’s Award-Winning New Chief Legal Officer?

Bitget has named Hon Ng as its new Chief Legal Officer. Ng will be responsible for ensuring Bitget’s global regulatory compliance, obtaining licenses in new markets, and leading the development of compliant products.

What’s the Significance: The appointment signals Bitget’s commitment to navigating the complex regulatory landscape in the crypto industry.

  • In June 2024, Bitget edged out international and local exchanges to become the most downloaded crypto exchange app in the Philippines.

Photo for the Article - From Binance to Bitget: Who is Bitget’s Award-Winning New Chief Legal Officer?

Who is Bitget’s Chief Legal Officer Hon Ng?

  • Experience: Over 20 years in legal roles across top companies, including Binance, Uber, and leading global law firms.
  • Recognition: Named one of the World’s Top 20 Legal Leaders by the Financial Times and received the Financial Times Innovative Lawyer Award in 2021.
  • Past Roles: General Counsel at Binance, overseeing licensing and compliance efforts; Business Development Director at Uber; and Corporate Lawyer at Latham & Watkins, White & Case, and Herbert Smith Freehills.
  • Key Achievements: Led Binance’s formation of a Global Advisory Committee and spearheaded compliance transformation efforts; played a significant role in major corporate deals, including Uber’s $2 billion merger with Grab.

Key Quote: 

Gracy Chen, CEO of Bitget, says Ng will give the exchange a distinctive edge in terms of compliance:

“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.”

Hon Ng, the new Chief Legal Officer, said he will bring his extensive experience to help Bitget navigate the evolving legal landscape where web3 and crypto operate:

“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.”

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Worth Reading: Top Crypto Exchanges in the Philippines Based on Google App Rankings for June 2024

This article is published on BitPinas: From Binance to Bitget: Who is Bitget’s Award-Winning New Chief Legal Officer?

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