The SFC website confirms that HKVAEX withdrew its license application nearly three months after the filing on Jan. 4, 2024.
HKVAEX, a Hong Kong-based crypto exchange allegedly tied to Binance, withdrew its license application from the Securities and Futures Commission of Hong Kong (SFC) on March 28.
The SFC had set a deadline of Feb. 29 for all crypto exchanges to apply for operational licenses in the region. HKVAEX, a crypto exchange that, according to Chinese state media SCMP, shares technical and other resources with Binance, applied for the Hong Kong license on Jan. 4.
The SFC website confirms that HKVAEX withdrew its license application nearly three months after the filing. Following the application withdrawal, HKVAEX must wind up its operations in Hong Kong on or before May 31.