According to the announcement released by the cryptocurrency exchange OKX on Friday, it has decided to withdraw its Virtual Asset Service Provider (VASP) license application for OKX HK after careful consideration of its business development prospects. 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, and its OKX Web3 (self-hosted wallet) product and services will not be affected, continuing to serve Hong Kong users. OKX also reminds Hong Kong users not to deposit any funds into their OKX accounts after May 31st.
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