Fintech

Spark Fintech announces withdrawal of HK VASP license application

Published

8 months ago

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DUBAI, United Arab Emirates, May 31, 2024 /PRNewswire/ — Bybitone of the world’s top three cryptocurrency exchanges by volume, announced today that after careful consideration, Spark Fintech Limited, an affiliate of Bybit, has decided to withdraw its application for a Virtual Asset Services Providers (VASP) license with Hong Kong Securities and Futures Commission (SFC).

Bybit logo (PRNewsfoto/Bybit)

Impact on customers

Effective June 1, 2024, 00:00 GMT+8, Spark Fintech will temporarily suspend all products and services on its Hong Kong platform, except for customer withdrawals. Customers are advised to withdraw remaining funds according to the instructions provided.

Continuous support for the development of Hong Kong cryptocurrencies

Spark Fintech remains a strong supporter of Hong Kong’s development as a leading center for cryptocurrency innovation. The company is committed to working collaboratively with regulators and industry stakeholders to promote a healthy and sustainable crypto ecosystem in Hong Kong.

#Bybit / #TheCryptoArk

About Bybit

Bybit is one of the top three cryptocurrency exchanges in the world by volume with 30 million users. Founded in 2018. It offers a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula 1 constructor and driver champions: the Oracle Red Bull Racing team.

For more details on Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information please visit: https://www.bybit.com
For updates follow: Bybit community and social media

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Cision

View original content to download media:https://www.prnewswire.com/news-releases/spark-fintech-announces-withdrawal-of-hk-vasp-license-application-302160839.html

SOURCE Bybit

Cision

View original content to download media: http://www.newswire.ca/en/releases/archive/May2024/31/c1318.html



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