Bybit Affiliate Withdraws Hong Kong VASP Application After Regulatory Warning

in #mining1024 • 3 months ago

Bybit's subsidiary has withdrawn its application to become a virtual asset service provider (VASP) in Hong Kong after receiving a licensing warning from the regulator. The decision highlights the compliance challenges faced by cryptocurrency exchanges and the stringent regulatory environment in Hong Kong. The move reflects the complexity and importance of meeting Hong Kong's evolving cryptocurrency regulations.

3 months ago in #mining1024 by
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