BitMart pulls Hong Kong VASP application

BitMart withdrew its application for a virtual asset service provider license in Hong Kong, joining several other major exchanges.

Crypto exchange BitMart withdrew its application for a virtual asset service provider license in Hong Kong.

According to the list of virtual asset trading platforms maintained by the Hong Kong regulator, the Securities and Futures Commission (SFC), BitMart withdrew its application on Thursday.

This followed similar decisions by other crypto trading platforms. Major crypto exchange Bybit applied last year but withdrew its application at the end of May 2024. Similarly, OKX withdrew its application at the end of May, as did Gate.

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