Is BitForex regulated?

Hello there, I'm curious about BitForex and its regulatory status. Can you please clarify whether BitForex is regulated by any financial authority or agency? I understand that the cryptocurrency market can be quite volatile and unregulated exchanges can pose risks to investors. So, it's essential for me to know if BitForex is compliant with the necessary regulations to ensure the safety and security of my investments. Can you provide me with more information on this matter? Thank you in advance for your help.