The SFC website confirms that HKVAEX withdrew its license application nearly three months after the filing on Jan. 4, 2024.
Update March 29, 11:00 am UTC: This article has been updated to add that Binance refutes SCMP’s claim of HKVAEX being part of the Binance group.
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.
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Source: https://cointelegraph.com/news/binance-hkvaex-withdraws-hong-kong-license-application