BitMart Withdraws Hong Kong VASP Application Amid Regulatory Pressure

BitMart Withdraws Hong Kong VASP Application Amid Regulatory Pressure

Crypto exchange BitMart has officially withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong, joining a growing list of platforms retreating from the city’s increasingly strict regulatory environment. According to the Securities and Futures Commission (SFC), BitMart, operating locally through Spread Technologies Hong Kong Limited, initially submitted its VASP application on June 27, 2025. The application w...

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