Cryptocurrency Q&A
Which crypto exchanges have withdrawn their Hong Kong license applications?
Which crypto exchanges have withdrawn their Hong Kong license applications?
HanjiArtist
Sat Jul 06 2024
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7 answers
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With the recent regulatory scrutiny surrounding cryptocurrencies and digital assets, many crypto exchanges have been reassessing their global expansion plans. In Hong Kong, a hub for financial services, this trend has been particularly evident. Could you elaborate on which specific crypto exchanges have decided to withdraw their license applications in Hong Kong? Have these withdrawals been driven primarily by regulatory concerns, or are there other factors at play? How does this development impact the crypto ecosystem in Hong Kong and beyond? Additionally, do you believe these withdrawals will have any significant long-term consequences for the cryptocurrency industry?
7 answers
KatanaBlade
Mon Jul 08 2024
This development is depicted in the screenshot attached, highlighting the recent actions taken by the exchange.
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Lucia
Mon Jul 08 2024
A list of applicants whose license applications have been either returned, refused, or withdrawn has been compiled.
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Ilaria
Mon Jul 08 2024
This list serves as a record of the exchanges that have encountered difficulties in obtaining licenses in Hong Kong.
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SeoulSoul
Mon Jul 08 2024
The crypto exchange, Huobi HK, with affiliations to HTX, emulated the preceding move the following day.
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lucas_taylor_teacher
Mon Jul 08 2024
Among these exchanges, seven have specifically withdrawn their Hong Kong license applications in 2024.
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