Singapore-based crypto derivative transaction Bitget is registered with FinCEN to seek business in the U.S.

Bitget, a Singapore-based crypto derivatives exchange, said it has registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB) to look for opportunities to do business in the United States. A Bitget spokesperson said that registering as an MSB is the first step for Bitget as a legal crypto exchange in the United States, and the company still needs state-level regulatory permission to conduct business. According to its MSB registration file, Bitget’s U.S. office is located in Denver, Colorado, USA. Bitget also stated that the exchange was established in 2018 and was exempted from the PSA license of the Monetary Authority of Singapore (MAS) last month, and can operate as a cryptocurrency service provider until August this year.