Bitget Drops Crypto License Bid in Hong Kong

<p>Bitget has abandoned its pursuit of a Virtual Asset
Trading Platform license in Hong Kong. This decision is attributed to factors
related to the crypto exchange’s business and the digital asset landscape, the
company said in its official statement today (Monday).</p><p>Bitget’s Hong Kong division, BitgetX, is set to
cease operations by December 13, 2023. After this date, BitgetX’s website will
be inaccessible. The company has emphasized the importance of compliance with
this deadline. Failure to withdraw assets in time will result in the permanent
loss of access once BitgetX is closed.</p><p>The crypto exchange has reassured its users that its
priority is ensuring a smooth and orderly offboarding process. The customer
support team is available to address any concerns or queries related to the
closure and the subsequent transfer of assets.</p>

This article was written by Jared Kirui at www.financemagnates.com.