The website of the Securities and Futures Commission shows that OKX Hong Kong FinTech Company Limited and Hong Kong VAEXC Limited withdrew their applications for virtual asset trading platform operator licenses last night, which means that they will not be able to continue conducting business in Hong Kong after May 2024, 5.
OKX announced that after careful consideration of the business development prospects, it has decided to withdraw the license application for OKX HK. From May 2024, 5 (Friday), OKX will stop providing centralized virtual asset trading services to Hong Kong users in accordance with regulatory requirements. OKX Web31, that is, self-hosted wallet product services, will not be affected and will continue to provide services to Hong Kong users.
VAEX stated that from 5 a.m. on May 30, users will not be able to conduct any transactions.