The virtual asset trading platform license application submitted by HKVAEX has been withdrawn

ChainCatcher news, according to the official website of the Hong Kong Securities and Futures Commission, the virtual asset trading platform license application submitted by HKVAEX has been withdrawn.

Relevant information shows that the name of the virtual asset trading platform operator company submitted by HKVAEX is "BX SERVICES LIMITED," the application submission date was January 4, 2024, and the application was withdrawn on March 28, 2024.

According to the information disclosed by the Hong Kong Securities and Futures Commission, the reasons for the license application being returned, rejected, or withdrawn include but are not limited to the following: the license application was returned by the SFC due to incompleteness and/or unresolved significant issues; and the license application was rejected or withdrawn.

Previously, on January 4, HKVAEX submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission. Informed sources stated that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX trading platform's website shows that it is using Binance servers to obtain content, and there are similarities in the shared code of the two companies, with nearly identical templates for terms of use, indicating that the two companies may also share legal resources. In response, a Binance spokesperson stated that HKVAEX does not belong to the Binance group of companies.