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Invezz 2024-03-29 08:49:03

KuCoin abandons Hong Kong’s license application amid intensified regulations

KuCoin’s Hong Kong arm, HKVAEX, abandoned its virtual asset trading platform (VASP) licensing efforts on 28 March amidst amplified regulatory clampdowns. That comes as the exchange faces regulatory pressure from global authorities. The US DoJ charged the exchange for violating money laundering laws. Some believe the trading platform could have abandoned the certification process for

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