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BitMart pulls Hong Kong VASP application

BitMart pulls Hong Kong VASP application




BitMart withdrew its application for a virtual asset service provider license in Hong Kong, joining several other major exchanges.



https://cointelegraph.com/news/bitmart-w...er_inbound
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It seems like Hong Kong's crypto hub ambitions are hitting a snag with all these exchanges pulling out.
The compliance hurdles must be pretty high.
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