BitgetX.hk withdraws Hong Kong Virtual Asset Service Provider (VASP) license application
On November 13th, BitgetX.hk announced that, due to business considerations, it has decided to withdraw its application for a virtual asset service provider (VATP) license in Hong Kong and will stop all cryptocurrency-related services in Hong Kong in accordance with regulatory requirements. The BitgetX.hk website will be taken offline and existing users will be refunded in an orderly manner.
Previously, BitgetX.hk had considered applying for a Hong Kong license, but had not yet formally submitted an application.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Forecast: SEC Approves NYSE, CBOE Bitcoin Options ETFs – Is $70K Next?
Here Is What Drives Bitcoin’s Positive Price Movements, According to VanEck
Bitcoin approaches key $69K level as liquidity grab stalls breakout
Harris crypto regulation plan draws criticism, but also optimism