cryptocurrency Trading platform Bitget has abandoned plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong due to business and market-related considerations.
Bitjet Official declare On November 13, its Hong Kong branch BitgetX (accessible through the domain BitgetX.hk) will cease operations on December 13, 2023.
The announcement stated that due to Bitget’s decision not to apply for a VATP license, the company will have to permanently withdraw from the Hong Kong market.
The company strongly encourages users to withdraw crypto assets from BitgetX before December 13. The statement states, “After this date, the BitgetX website will no longer be accessible and you will not be able to manage or access your assets on BitgetX.”
This is a developing story and more information will be added as it becomes available.
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