HKVAEX's application for a virtual asset trading platform license has been withdrawn

According to BlockBeats news, on March 29, according to the official website of the Hong Kong Securities Regulatory Commission, the virtual asset trading platform license application submitted by HKVAEX to the Hong Kong Securities Regulatory Commission has been withdrawn. Relevant information shows that the company name of the virtual asset trading platform operator submitted by HKVAEX is "BX SERVICES LIMITED", the application submission time was January 4, 2024, and the application was withdrawn on March 28, 2024.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by the Hong Kong Securities and Futures Commission, the relevant license application has been returned, rejected or withdrawn, including but not limited to the following reasons: the license application was returned by the SFC due to incompleteness and/or important issues that have not been resolved; and the license application was rejected or withdrawn . BlockBeats previously reported that on January 4, HKVAEX submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission. People familiar with the matter said that HKVAEX was established by Binance to obtain a crypto business license in Hong Kong. The website of the HKVAEX trading platform shows that it is using Binance servers to obtain content. There are similarities in the shared code between the two companies, and the terms of use are almost the same. template, suggesting that the two companies may also share legal resources. In response, a Binance spokesperson stated that HKVAEX is not a company under the Binance Group.