Cryptocurrency

Bitcoin

Arthur

Giant

MN Coin

In a surprising move, cryptocurrency exchange Bitget has decided to abandon plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong.
<h2 id="bitget-abandons-crypto-license-plans-in-hong-kong">Bitget Abandons Crypto License Plans in Hong Kong</h2>
BitgetX, the Hong Kong division of the platform that can be accessed through the BitgetX.hk domain name, will cease operations as of December 13, 2023.
The official announcement was made today, citing business and market considerations as the driving factors behind Bitget's decision not to pursue the VATP license in Hong Kong. This means Bitget will exit the Hong Kong market permanently.
The company took a proactive stance, urging its users to withdraw their cryptocurrency assets from BitgetX before the anticipated December 13 date.
Related News: <a href="https://en.bitcoinsistemi.com/bitmex-founder-arthur-hayes-comments-on-bitcoin-ethereum-solana-and-fed/" target="_blank" rel="noopener noreferrer nofollow">BitMEX Founder Arthur Hayes Comments on Bitcoin, Ethereum, Solana and FED</a>
The announcement emphasized the importance of completing withdrawal transactions before this deadline and said, “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.”
Bitget's unexpected withdrawal from seeking a crypto license in Hong Kong may cause some concern over the evolving regulatory environment in the region.
The decision could spark further discussion within the crypto community about the challenges exchanges face and considerations when complying with regulatory frameworks.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/surprising-statement-from-the-giant-bitcoin-exchange-we-are-ending-our-activities-withdraw-your-money-before-december-3/" rel="noopener noreferrer nofollow">Surprising Statement from the Giant Bitcoin Exchange: "We are Ending Our Activities, Withdraw Your Money Before December 3!"</a>

Surprising Statement from the Giant Bitcoin Exchange: "We are Ending Our Activities, Withdraw Your Money Before December 3!"

Table of Contents

Bitcoin Sistemi EN

Other articles published on Nov 13, 2023

Bithumb Starts Preparations for Initial Public Offering, Chooses Samsung Securities as Underwriter

Whale Frenzy Boosts Polygon: 3,800% Spike Ignites Bull Run

Traders Teleport to Celestia (TIA) After 140% Blast Off – Here’s Why

HIVE Digital Technologies Reports Strong Quarter Amidst Challenges

Aave Companies Presents Lens Protocol V2 at Devconnect Event in Istanbul

Coinbase Expands Future Trading with the Introduction of SOL and AVAX Perpetual

Join our free newsletter for daily crypto updates!