Hong Kong Halts Applications for Virtual Asset Trading Platform Licenses

WikiBit 2024-03-01 16:31

Hong Kong Halts Applications for Virtual Asset Trading Platform Licenses, with 22 Virtual Asset Trading Platforms Pending Approval

According to the Hong Kong Securities and Futures Commission website, the deadline for applications for virtual asset trading platform licenses was yesterday (29th). As of the update on February 28th, there are a total of 22 applicants for virtual asset trading platforms.

Among the applicants are Bybit, OKX, Crypto.com, Gate.io, Bullish, and others.

Ammbr, BitHarbour, and Huobi HK have withdrawn their applications, while Meex had its application rejected by the Securities and Futures Commission.

OSL Exchange and HashKey Exchange were approved in August last year.

Furthermore, virtual asset trading platforms operating in Hong Kong that did not submit a license application to the Securities and Futures Commission by yesterday (29th) must cease their operations in Hong Kong by May 31, 2024, or earlier.

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