Bitget has decided to withdraw its pursuit of a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move signifies Bitget’s exit from the Hong Kong market, as the absence of a VATP license compels the firm to wrap up its regional operations. Additionally, this withdrawal comes amid the backdrop of OSL, another crypto exchange with a Hong Kong license, announcing the suspension of its stock market trading on the same day. This simultaneous development adds another layer of complexity to the Hong Kong crypto market landscape, potentially signaling shifting tides in the region’s regulatory and business environment. Read Also: Bitget Announces Plans to Invest Strategically In India-Based Start-UpsThe post Breaking: Bitget’s Ditches Hong Kong Crypto License Pursuit appeared first on CoinGape.

Source: The Nation November 13, 2023 14:03 UTC