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**BidNow is Leading the Way as a First Hata-Licensed WEB3 Platform** ![unnamed (1)](https://hackmd.io/_uploads/S1AJu9EQkl.jpg) BidNow and its native token $BID have reached a remarkable milestone by acquiring the prestigious Hata License. It is a significant step forward in the right direction not only for BidNow but also for the entire auction industry, further consolidating its position as a leader in the Web3 space. Hata Exchange acknowledges the potential of $BID and its commitment to compliance, security and innovation in blockchain and bidding industries. This partnership opens up new avenues for $BID Token and their users. This strong backing by the infamous crypto trading platform, turns BidNow into a world-class bidding platform that provides better liquidity, more trading options and a global marketplace. Why Does the Hata License Matter? Hata is a digital asset exchange and brokerage, a strong regulated crypto leader in Malaysia recognized by The Securities Commission (SC) Malaysia. Hata Exchange takes pride in being an approved crypto exchange and the first sanctioned digital broker in Malaysia while holding the Money Broker License from Labuan International Financial Center. Hata aims to make investing in digital assets easier for everyone and $BID is an ideal example of this mission, offering a secure and transparent token that empowers investors while streamlining the auction experience. Even the exchanges Hata collaborates with are also fully licensed by the Monetary Authority of Singapore (MAS) and SC leaving no room for uncertainty. During a time when unregulated crypto exchanges such as Huobi Global Malaysia are being shut down for lacking RMO status, Hata’s regulatory clearance stands as a beacon of accountability and long-term stability. It is a one-stop digital asset platform for businesses, institutional investors and individuals in Southeast Asia. Acquiring the Hata license is a big deal. First, it is only issued to the platforms that meet the highest standards of security, transparency, and regulatory compliance. Second, $BID measures up to the rigorous standards and exclusivity set by the Hata Exchange, making it one of the most difficult and credible certifications to acquire in the Web3 space. And finally, it provides an additional layer of assurance for investors and stakeholders. Investors and users of the platform can now invest, bid and trade with confidence. By meeting the stringent requirements, <a href="https://bidnow.my">BidNow</a> has already set a benchmark for reliability and compliance in the evolving Web3 landscape. Getting this license means that $BID is fully regulated, but that’s not all. Hata Exchange validates BidNow’s pride in its operational excellence and recognizes it as a trustworthy and transparent platform. Hata ensures that $BID operates within a framework that prioritizes its investors and protects them from data theft, fraud, hacking or regulatory oversight. Such compliance is critical so as to foster trust and confidence in the platform, especially in the volatile world of Web3. What Does the Future Hold For $BID? This remarkable achievement signals a new chapter for $BID and its users. With its regulatory approval and strong token utility, BidNow is all set to take its auction platform to the next level. $BID’s role in the platform will continue to drive engagement, loyalty and participation while users will receive exclusive benefits such as access to premium auctions, rewards, and discounted fees.