Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 112

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 112
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 (“AML/CFT”)

We and our partners who work with us are required
to comply with certain anti-money laundering requirements in the jurisdictions where we and our partners operate. In Singapore, regulated
financial institutions must comply with all applicable AML/CFT obligations, including the relevant AML/CFT Notices and Guidelines issued
by MAS (e.g. the Notice PSN02 Prevention of Money Laundering and Countering the Financing of Terrorism – Digital Payment Token Service
and the Guidelines to Notice PSN02 on Prevention of Money Laundering and Countering the Financing of Terrorism - Digital Payment Token
Service). Among other things, the AML/CFT Notices require financial institutions to put in place robust controls to detect and deter the
flow of illicit funds through Singapore’s financial system, identify and know their customers (including beneficial owners), conduct
regular account reviews, and to monitor and report any suspicious transaction.

The primary AML/CFT legislation in Singapore that
are of general application are the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 84A of
Singapore (the “CDSA”) and Terrorism (Suppression of Financing) Act, Chapter 325 of Singapore (the “TSOFA”). The
CDSA provides for the confiscation of benefits derived from, and to combat, corruption, drug dealing and other serious crimes. Generally,
the CDSA criminalizes the concealment or transfer of the benefits of criminal conduct as well as the knowing assistance of the concealment,
transfer or retention of such benefits. The TSOFA criminalizes terrorism financing and prohibits any person in Singapore from dealing
with or providing services to a terrorist entity, including those designated pursuant to the TSOFA. The CDSA and the TSOFA also require
suspicious transaction reports to be lodged with the Suspicious Transaction Reporting Office. If any person fails to lodge the requisite
reports under the CDSA and the TSOFA, it may be subject to criminal liability. In addition, financial institutions, non-financial institutions
and individuals in Singapore are required to comply with financial sanction requirements in relation to individuals and entities designated
by the United Nations.

As BTSG does not currently hold any financial
regulatory licenses in Singapore, it only complies with the CDSA and the TSOFA, the primary AML/CFT legislation in Singapore that are
of general application (and does not comply with PSN02 and the related guidelines). It is possible that financial institutions in Singapore