Crypto.com to Phase Out Hong Kong Services Starting February Next Year

Odaily: Crypto.com has sent emails to Hong Kong users announcing a phased cessation of services, citing "regulatory changes," and stated that specific arrangements and asset withdrawal instructions will be communicated via email and in-app notifications. Its app services are scheduled to cease in February next year.

Foris DAX HK Limited submitted its virtual asset trading platform license application in February 2024 and is still awaiting final approval from the Hong Kong Securities and Futures Commission. The company is currently in a "deemed licensed" status and may continue to provide relevant services, though the SFC notes that it has not yet been granted a license and its application remains pending a decision. (HK01 NFT)