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Cryptocurrency exchange HKX has decided to withdraw its license application from the Hong Kong Securities and Futures Commission (SFC), becoming the latest exchange to do so.
In an announcement made by the HKX management team, the Hong Kong-based crypto exchange stated that it would be shutting down its operations and advised existing users to withdraw their crypto assets.
“After careful consideration, our management team has decided to withdraw our application for the Type 1 and Type 7 licenses,” the exchange wrote in an official notice published on its website.
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