Is HitBTC regulated?

Could you please clarify if HitBTC, a popular cryptocurrency exchange platform, is subject to any form of regulation? It's important for investors and traders to understand the level of oversight and compliance measures in place to safeguard their funds and transactions. Does HitBTC operate under the jurisdiction of a specific regulatory body, or does it adhere to any international standards for security and transparency? Understanding the regulatory status of HitBTC can help users make informed decisions about their cryptocurrency investments.