Bitget Exchange will restrict its services to Hong Kong users due to new regulations starting June 1, 2023.
Bitget Exchange Restricts Services In Hong Kong Due To New Regulations
In order to keep using Bitget, users in Hong Kong must accept the BitgetX Hong Kong Terms of Use and transfer their assets to www.BitgetX.HK. As of April 24, 2023, Hong Kong users on Bitget.com will need to shift to www.BitgetX.hk, as access to Bitget.com will no longer be available. Additionally, they must close any open perpetual contract or margin trading positions and withdraw their virtual assets from Bitget.com Savings products.
BitgetX Hong Kong plans to apply for a license under the Hong Kong Virtual Asset Service Provider (VASP) framework. During the transitional arrangement under the Hong Kong VASP framework, it will operate until its license application is approved.
The Hong Kong VASP framework will take effect on June 1, 2023. Due to new regulatory restrictions, Bitget.com will be unable to serve Hong Kong users after that date. Starting May 15, 2023, Bitget.com will cease operations in Hong Kong for regulatory reasons.
Bitget has made provisions to assist Hong Kong users in transferring their virtual assets to a compliant platform. Spot trading and P2P trading will still be available on BitgetX.hk, but perpetual contracts and Savings products will not be offered.
Owing to technical limitations, BitgetX cannot support certain tokens, and users are recommended to either withdraw these tokens to a private wallet that supports them or convert them to USDT. If you prefer not to transfer your assets and become a user of BitgetX.hk, you may withdraw your assets into a private wallet by May 15, 2023.
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