TechFlow reported on July 22 that, according to financefeeds, cryptocurrency exchange HKX has decided to shut down its operations in Hong Kong. As there are no plans to restart services or reapply for a license, the HKX management team has announced it will cease operations and advised existing users to withdraw their crypto assets as soon as possible.
HKX initially applied for a Hong Kong license in February but faced challenges in meeting the regulatory requirements set by Hong Kong authorities. As a result, HKX has become one of the 13 cryptocurrency exchanges or trading platforms that have withdrawn their license applications in Hong Kong.
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