Blockchain
HKX joins list of crypto exchanges to quit Hong Kong market
Cryptocurrency exchange HKX has joined the increasing number of exchanges that have withdrawn their license applications from the Hong Kong Securities and Futures Commission (SFC).
On July 18, the HKX management team announced the closure of their Hong Kong-based crypto exchange, advising users to withdraw their crypto assets. The official website notice stated:
“After careful consideration, our management team has decided to withdraw our application for the Type 1 and Type 7 licenses under the Securities and Futures Ordinance (Cap. 571) and the virtual asset service provider license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).”
Struggling to meet Hong Kong regulations, HKX initially applied for a license in February but failed to comply with the regulatory requirements.
As of July 22, 13 cryptocurrency exchanges or trading platforms in Hong Kong have withdrawn their license applications, with one application being returned for undisclosed reasons.
To prepare for its closure, HKX halted new user registrations and suspended trading and deposit services on May 29. Without plans to restart services or reapply for a license, HKX is focusing on helping users safely withdraw all assets from the platform.
Previously, Hong Kong-based cryptocurrency exchange Gate.HK also withdrew its license application after failing to meet local licensing requirements. Despite announcing its shutdown in May, Gate.HK revealed plans to overhaul its platform to comply with Hong Kong’s regulatory standards, including Anti-Money Laundering and Counter-Terrorist Financing measures. The company stated:
“Gate.HK is actively working on this overhaul. We plan to resume our business in Hong Kong in the future and contribute to the virtual asset ecosystem after obtaining the relevant licenses.”
Currently, Gate.HK only allows fund withdrawals for its customers.
Source: cointelegraph.com
The post HKX joins list of crypto exchanges to quit Hong Kong market appeared first on HIPTHER Alerts.
Blockchain
Sui’s Path Forward: Bybit Web3 and Sui Foundation to Host Exclusive Debate Live at Taipei Blockchain Week
Bybit Web3
Prosper, the leading decentralized protocol offering institutional-grade Bitcoin mining power on-chain, proudly announces its role as the official Hashrate Sponsor for Bitcoin MENA 2024. The highly anticipated conference will take place on December 9-10, 2024, at the iconic Abu Dhabi National Exhibition Centre (ADNEC), bringing together industry experts and key players from the global Bitcoin ecosystem and the wider crypto industry.
As the official Hashrate Sponsor, Prosper will feature prominently at the event and host an interactive booth where attendees can engage directly with its team and explore how Prosper is setting the standard for institutional-grade Bitcoin mining power on-chain, further unlocking Bitcoin’s full potential as the most decentralized cryptocurrency.
“As one of the most innovative community-focused projects under Animoca Brands, we are excited to showcase our unique offering at this year’s Bitcoin MENA event which aligns perfectly with our mission to democratize access to Bitcoin and its mining power,” said Milton Lam, Advisory Council Member & Launch Partner, Prosper. “Our participation underscores our leadership in institutional-grade Bitcoin mining innovation, advancing the possibilities of the world’s original and most decentralized cryptocurrency.”
Bitcoin MENA 2024 will bring together global leaders and influential voices, including Eric Trump, Prince Filip of Serbia and Saifedean Ammous, to shape the conversation on Bitcoin’s future.
Eric Trump, Executive Vice President of the Trump Organization, will deliver a keynote address at Bitcoin MENA 2024, marking a significant milestone for the event. His participation brings a wealth of business acumen and leadership experience to discussions on Bitcoin’s growing adoption in the Middle East. Following Donald J. Trump’s appearance at Bitcoin 2024 in Nashville this July, the Trump family’s growing support for Bitcoin as a solution to combat inflation in the U.S. underscores the event’s importance.
Other notable attendees include Prince Filip of Serbia, Saifedean Ammous, author of The Bitcoin Standard and Abdulla Al Dhaheri of the Blockchain Centre Abu Dhabi. Their involvement highlights Bitcoin MENA’s influence and Abu Dhabi’s emerging role as a central hub in the global Bitcoin economy.
The Abu Dhabi edition of the Bitcoin Conference promises to be a transformative event, uniting institutional investors, developers, influencers and enthusiasts to explore Bitcoin’s rapidly growing potential in the region and globally.
The post Prosper Powers Bitcoin MENA 2024 as Official Hashrate Sponsor appeared first on News, Events, Advertising Options.
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