Happycoin.club - The HKX cryptocurrency exchange has withdrawn its application for a license to the Hong Kong Securities and Futures Commission.

The management of the Hong Kong exchange announced the decision to close the platform to local users last Friday.

We would like to inform you that, after careful consideration, we have decided to withdraw the application for Type 1 and Type 7 licenses under the Securities and Futures Ordinance (Cap 571) and the Virtual Asset Service Provider license under the Anti-Money Laundering and Anti-Money Laundering Ordinance. financing of terrorism (Chapter 615), is written on the official website of the exchange.

Back on May 29, the HKX crypto exchange prohibited the registration of new users, and also suspended trading operations and deposits.

HKX applied for a license in Hong Kong in February 2024. However, like many others, the crypto exchange did not comply with the regulatory requirements of the local regulator.

HKX was one of 13 sites that withdrew their applications for a license in Hong Kong over the past few months.

Gate.HK is also on the Commission's list of withdrawn applications. However, back in May, the cryptocurrency exchange announced that it would restructure the site in accordance with new regulatory requirements in Hong Kong.