Cryptocurrency

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 Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
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<div class="cointelegraph">
 <p>Cryptocurrency<strong> </strong>trading platform Bitget has dropped <a rel="noopener noreferrer nofollow" title="plans" href="https://thebittimes.com/tag/plans.html">plans</a> to obtain a Virtual Asset Trading Platform (VATP) <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a> in Hong Kong, citing business and market-related considerations.</p>
 <p>Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023.</p>
 <p>As Bitget decided not to apply for a VATP <a rel="noopener noreferrer nofollow" title="license" href="https://thebittimes.com/tag/license.html">license</a>, the firm will have to permanently withdraw from the Hong Kong market, the announcement notes.</p>
 <p>The company has strongly encouraged users to withdraw <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets from BitgetX before Dec. 13. “After this date, the BitgetX website will no longer be accessible and you will not be able to manage or access your assets on BitgetX,” the statement noted.</p>
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitget-drops-plans-to-seek-crypto-license-in-hong-kong-tbt70066.html">https://thebittimes.com/bitget-drops-plans-to-seek-crypto-license-in-hong-kong-tbt70066.html</a></p>

Bitget drops plans to seek crypto license in Hong Kong

TheBitTimes

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