According to an announcement released on Friday (24th) by the cryptocurrency exchange OKX, after careful consideration of the business development prospects, it has decided to withdraw its application for the Virtual Asset Service Provider (VASP) license for OKX HK. Starting from May 31st this year, OKX will cease to provide centralized virtual asset trading services to Hong Kong users in accordance with regulatory requirements.
According to the announcement, after May 31st, OKX will only support Hong Kong users in withdrawing funds. The OKX Web3 (self-custody wallet) product service will not be affected and will continue to serve Hong Kong users. OKX also reminds Hong Kong users not to deposit any funds into their OKX accounts after May 31st.
