Hong Kong Crypto exchange HKVAEX to permanently shut down amid regulatory pressure
Amidst the breakthrough in Hong Kong’s cryptocurrency-monitoring/” target=”_blank” rel=”noopener”>cryptocurrency infrastructure, HKVAEX, a local digital asset trading platform, made its intermittent closure plan public, resulting in a final shutdown on May 1st, 2024. This decision occurred amid the ongoing pressure for regulatory oversight of the cryptocurrency industry, following the region’s example of Hong Kong. Regulatory scrutiny…