ChainCatcher news, according to Ming Pao, the virtual asset trading platform VAEX plans to prohibit Hong Kong users from trading starting at 10 AM on May 30.Previous news, VAEX's application for a virtual asset trading platform license in Hong Kong was withdrawn on May 24.

According to ChainCatcher news, the latest update from the Hong Kong Securities and Futures Commission (SFC) official website shows that VAEX's application for a virtual asset trading platform license has been withdrawn on May 24. Relevant information indicates that the name of the virtual asset trading platform operator company submitted by VAEX is "Hong Kong VAEXC Limited," with no applicable Chinese name. VAEX initially submitted the application for the virtual asset trading platform license to the Hong Kong SFC on November 25, 2023. As of now, the number of applicants for virtual asset trading platform licenses that have been withdrawn or returned, as announced by the Hong Kong SFC, is 10, with 1 returned, and the number of applicants for virtual asset trading platform licenses stands at 18.

ChainCatcher news, the cryptocurrency exchange HKVAEX reminds users that its trading platform will be permanently closed, and all users are advised to withdraw their assets before April 30.Previous news, HKVAEX recently announced that it will begin to phase out services starting from April 1, 2024, and its official website will be completely shut down on May 1, 2024.

According to ChainCatcher news, the official announcement states that the virtual trading platform HKVAEX will begin phased service suspension on April 1, 2024, and its official website will be completely shut down on May 1, 2024. From today, HKVAEX will no longer accept new user registrations or virtual asset deposit services.The trading service will close at 23:59 on April 5, 2024, at which point users will be unable to place any new orders, and all existing spot orders will be automatically canceled by the system. After the website delists, users who need assistance with asset withdrawals or any other issues can contact the team via email for further help.Previous reports indicate that, according to the official website of the Hong Kong Securities and Futures Commission, HKVAEX's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission has been withdrawn.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.

ChainCatcher news, the Hong Kong Securities and Futures Commission has updated the list of applicants for virtual asset trading platforms. The latest information shows that "BX SERVICES LIMITED" submitted an application for a virtual asset trading platform license on January 4. The company does not have a Chinese name, and its virtual asset trading platform is named "HKVAEX".Previously, according to the South China Morning Post, informed sources stated that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX exchange'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 the terms of use having almost identical templates, indicating that the two companies may also share legal resources. However, a Binance spokesperson later stated that HKVAEX does not belong to the Binance Group.

ChainCatcher news, according to Cointelegraph, a spokesperson for the Hong Kong cryptocurrency exchange HKVAEX stated: The exchange has not yet applied for a virtual asset trading platform license from the Hong Kong Securities and Futures Commission (SFC) and is still in preparation. HKVAEX should not be confused with VAEXC. Hong Kong VAEXC Limited (VAEX) applied for a virtual asset trading platform license in Hong Kong on October 25, and VAEXC is another applicant with no relation to us.

ChainCatcher news, according to official information, the Hong Kong Securities and Futures Commission has updated the list of applicants for virtual asset trading platforms. The latest information shows that "Hong Kong VAEXC Limited" submitted an application for a virtual asset trading platform license on November 25. The company does not have a Chinese name, and its virtual asset trading platform is named "VAEX".As of now, a total of 8 companies have formally submitted applications for virtual asset trading platform licenses to the Hong Kong Securities and Futures Commission, and one application from "AMMBR (HK) LIMITED" has been withdrawn.

ChainCatcher news, according to the South China Morning Post, informed sources revealed that the Hong Kong cryptocurrency exchange HKVAEX plans to apply for a license in Hong Kong. The sources stated that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX exchange'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 the terms of use having almost identical templates, indicating that the two companies may also share legal resources.In response to questions about its relationship with Binance, HKVAEX stated in an email, "HKVAEX is an independent virtual asset trading platform headquartered in Hong Kong, operated by a technical team from the financial services industry and experienced professionals, and is currently preparing to apply for the 'SFC Virtual Asset Trading Platform' license."In this regard, a Binance spokesperson stated that HKVAEX does not belong to the Binance Group.

ChainCatcher news, former CEO of Anyin and CEO of Mint Mining "37 Degrees" posted a personal statement on Twitter, stating that due to the investigation of Anyin AEX, he has been released on bail and is currently in a state of debt. "37 Degrees" left Anyin in 2020 and founded Mint Mining, focusing on mining operations. During his time at Anyin, he was promoted from product partner to CEO, responsible for managing affairs other than assets, and he is no longer an official representative of Anyin."37 Degrees" also stated that the private keys for Anyin's assets are mainly controlled by Huang Tianwei, with a small portion in the hands of the asset management team, and he personally does not control AEX assets. The current status of the mining machines located in Texas is unclear, as they are hosted by Bitfu. The personal assets he stored at Anyin were only exchanged for a small amount of living expenses through AUSD, without any special relationship or authority on the Anyin platform. (Source link)

ChainCatcher news, AEX founder Huang Tianwei tweeted: "The current situation has improved, it's not as pessimistic as imagined, but it's not yet time to be optimistic. Since the matter is not yet concluded, there are many things that are inconvenient to discuss, but my attitude has always been clear, and I will actively take on my responsibilities. The main task for the future is to work hard to bring AUSD closer to USDT, and to convert the assets in hand to address everyone's demands more quickly and effectively, even though it is not something that can be resolved in the short term, I believe that one day the goal will be achieved."ChainCatcher previously reported that in July 2022, AEX announced the suspension of platform services at the request of the police; in January this year, AEX released Solution 2, proposing to transfer some platform assets at a discount to customers for AUSD destruction. (source link)

Chain Catcher news, the cryptocurrency trading platform AEX has released the "Platform Situation Statement and Solution (2)", stating that the coercive measures against some senior executives of the platform have not yet been lifted, and it is expected that there is no possibility of lifting them in the short term. Based on the previous "soft repayment" plan, a Plan 2 has been added to increase customer choice and repayment efficiency. The specific measures are as follows:AEX will entrust a third-party law firm and a third-party management company to transfer some project rights with relatively predictable repayment expectations to customers at a lower discount (generally 20-40% of the value), with fiat currency settlement. (Assets include film and television box office revenue rights, stocks of companies that are about to go public, and other assets with relatively predictable timeframes and returns.)The prerequisite for participation is that customers must sign a real-name rights purchase contract, complete the "Qualified Investor Questionnaire," and send a specified amount of AUSD to the black hole address for destruction (varies by project) to qualify for the purchase. Each project announcement will separately stipulate the amount of AUSD required for destruction.The projects and participation methods will be published by a third-party company through their public account (the first project is expected to be released in mid-January), with each project supporting 1-49 participants. Customers can complete contract matters by contacting their account manager. If the number of participants exceeds 49, priority will be given to those who destroyed AUSD earlier. It is expected that 1-2 projects will be launched each month, and customers can choose to participate selectively.Previously reported, on July 17, the cryptocurrency trading platform AEX officially announced that "according to the requirements of the Guangxi police, it will suspend related services at 15:32 (UTC+8) on July 17, 2022, and fully cooperate with the police investigation. Please wait for the police announcement." On December 12, the cryptocurrency trading platform AEX announced that due to regulatory investigations since July of this year and coercive measures taken against some senior executives, some assets are currently under controlled status and normal services cannot be provided. The coercive measures may not be lifted in the short term, and a "soft repayment" strategy has been decided upon after discussions among all parties.

ChainCatcher news, the encrypted exchange AEX announced today that due to regulatory investigations since July of this year and other objective reasons such as certain senior executives being subjected to compulsory measures, some of the platform's assets are currently under control and unable to provide normal services. Additionally, the compulsory measures may not be lifted in the short term. After discussions among all parties, it has been decided to adopt a "soft repayment" strategy.The strategy includes repurchasing AUSD from the Uniswap AUSD-USDT trading pair to ensure AUSD remains in a deflationary state, and adding a certain amount of USDT to the Uniswap AUSD-USDT trading pair to provide liquidity, ensuring that the liquidity pool's capacity for AUSD continues to improve.In addition, AEX is expected to release "Platform Situation Explanation and Solution 2" soon to increase customer options and repayment efficiency. (Source link)