Download App
iOS & Android

VAEX’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 24

Updated data on the website of the Hong Kong Securities and Futures Commission shows that VAEX's application for a virtual asset trading platform license, submitted to the Hong Kong Securities and Futures Commission, was withdrawn on May 24th.

Related information shows that the virtual asset trading platform operator company name submitted by VAEX is "Hong Kong VAEXC Limited", and the Chinese name is not applicable. VAEX first submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on November 25th, 2023.

As of now, the number of applicants for virtual asset trading platform licenses withdrawn or returned publicly announced by the Hong Kong Securities and Futures Commission is 10, with 1 returned, and the number of names on the list of virtual asset trading platform applications is 18.


All Comments

Recommended for you

  • Cointime June 22th News Express

    1. 21 million LINK flowed out of the Chainlink non-circulating supply contract 3 hours ago, equivalent to approximately US$295 million
  • Trump campaign returns excess donations to Gemini

    Donald Trump's campaign team has returned donations exceeding the legal limit to the United States cryptocurrency exchange Gemini's co-founders Cameron Winklevoss and Tyler Winklevoss. Earlier, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss tweeted that they had each donated 1 million US dollars worth of Bitcoin (15.47 BTC) to the Trump campaign, exceeding the maximum limit of $844,600 per person that the Trump committee can legally accept.
  • Glassnode: Bitcoin miners have not "completely sold off" and may be in the break-even period

    Glassnode Chief Analyst James Check said that Bitcoin miners may be struggling, but they may not have fully entered a bear market level. They mine 10 bitcoins and then sell 10 bitcoins. Miners must adapt and adjust fees to become their main source of income, forcing the industry to further innovate and apply effective capital management.
  • He Yi: Projects with high valuations cannot only be judged by market value, the era of haircuts may be coming to an end

    Binance co-founder He Yi wrote on Binance Square: "2017 was the era of ICOs, where you could make money as long as you got a share. In 2021, with the rise of DeFi, as long as you move fast, you can make money by participating in yield farming. Buying new instead of old is also a typical feature of this period. However, now IEOs are generally considered to have legal risks in most countries, so they can only be airdropped and priced by the market. This means that if there is a large circulation, the opening price of the project will be relatively stable, such as BB and LISTA, but compared to 2021, the rise is still too fast, lacking sufficient washing-out process.
  • Analysis: MicroStrategy’s BTC purchases offset German government selling pressure

    Some analysts believe that the German government's massive sale of Bitcoin is the reason for the sluggish cryptocurrency market. In addition, traders are concerned that the stock market may have peaked and that the US fiscal situation is weakening. According to previous monitoring by the on-chain crypto analysis company Arkham, a wallet related to the German government transferred 6,500 BTC to exchanges on June 19th, worth $425 million at the time. The wallet holds nearly 50,000 BTC, reportedly seized from the pirated movie website Movie2k that has been operating since 2013. Data shows that these BTC were sent to Kraken, Bitstamp, and Coinbase. However, MicroStrategy disclosed that it has purchased an additional 11,931 BTC for $786 million, which offsets the selling pressure.
  • Vitalik: Crypto culture "idealistic hippies" still exist

    Vitalik Buterin, co-founder of Ethereum, responded to criticism of the new institutional focus on blockchain and cryptocurrency projects. Vitalik stated that the "idealistic hippies" of the crypto culture still exist, and that significant progress has been made in this area, citing Lens and Farcaster as examples.
  • Xu Zhengyu: The SAR government will maintain an open attitude to promote the responsible use of artificial intelligence in the financial industry

    Mr. Edward Yau, Secretary for Financial Services and the Treasury of Hong Kong, stated at the 2024 Lujiazui Forum in Shanghai that Hong Kong has the largest offshore RMB pool and unique advantages in developing the offshore RMB market under the principle of "One Country, Two Systems". With the continuous evolution of artificial intelligence technology, which has been applied in various fields of Hong Kong's financial industry, Mr. Yau said that the SAR government will maintain an open attitude, closely monitor market development, and refer to experiences at home and abroad to promote the responsible use of artificial intelligence in the financial industry.
  • Hong Kong Securities and Futures Commission: Promote the implementation of the mutual recognition arrangement between the Mainland and Hong Kong, and allow sales to public investors in the other marke

    Securities and Futures Commission (SFC) of Hong Kong welcomes the release of the "Hong Kong Mutual Recognition of Funds Management Rules (Revised Draft for Solicitation of Comments)," which promotes the implementation of optimized mutual recognition arrangements for funds. The proposed measures for revision in the draft for solicitation of comments include relaxing the proportion limit for Hong Kong mutual recognition funds sold in the Mainland and allowing Hong Kong mutual recognition funds to transfer investment management functions to overseas asset management institutions under the same group as the manager. Currently, the proportion of mutual recognition funds sold in the other market cannot exceed 50% of the total assets of the fund. After optimization, this proportion limit will be relaxed to 80%. The SFC of Hong Kong will work closely to promote the formulation and implementation of relevant measures and will announce the implementation details and formal launch date of the optimized mutual recognition arrangements in due course. Cross-border mutual recognition of funds is a mature institutional arrangement in the field of international asset management market opening. As early as July 1, 2015, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission launched mutual recognition of funds, allowing Mainland and Hong Kong funds that meet certain conditions to be recognized or licensed for sale to the public in the other market in accordance with statutory procedures.
  • Hong Kong Cyberport launches Web3 proof-of-concept testing funding program and approves 45 projects

    Hong Kong Cyberport has launched the Web3 Concept Verification Test Fund (Web3 PoC Program) to promote the development of the Web3.0 industry and the application of related technologies in multiple fields. The program encourages Web3.0 technology companies to collaborate with mature industries to develop high-value and innovative Web3.0 solutions by providing funding for innovative Web3.0 technology projects at the development stage, accelerating the development of the Web3.0 technology community, and promoting the commercial adoption of Web3.0 in Hong Kong. It is reported that the program received a total of 122 project applications and approved 45 projects, with each project eligible for up to 150,000 yuan in funding, covering fields such as tokenized asset management and carbon credit certification.
  • Cointime May 25 News Express

    1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office