News · Regulation & Policy
The exchange operator will end retail services citing regulatory shifts while maintaining its institutional license application.
Key point 1 of 3
01
Crypto.com will shut down its Hong Kong consumer application on Feb. 1, 2027.
Key point 2 of 3
02
The consumer app is run by Foris DAX MT Limited, while Foris DAX HK Limited pursues an SFC license.
Key point 3 of 3
03
Crypto.com will continue seeking a virtual asset trading platform license for its institutional exchange.
Context
Foris DAX HK Limited submitted an SFC VATP application on Feb. 9, 2024, and remains under transitional deemed-to-be-licensed status.
Why it matters
Hong Kong retail users of Crypto.com must retrieve their funds and close accounts before the Feb. 1, 2027 deadline.
What to watch
The SFC's decision on the pending VATP license application for Crypto.com's institutional exchange platform.
Sources
Built from 1 primary source, machine-checked before publication.
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