Regulatory pressure from mainland China is prompting many top crypto firms to withdraw their license applications in Hong Kong. According to reports, local affiliates of top exchanges with ties to mainland China, including OKX, Gate.io, KuCoin, Binance, and HTX, have all rescinded their applications for a Virtual Asset Trading Platform (VATP) license in Hong Kong. The post Hong Kong’s Crypto Ambitions Thwarted by Mainland China’s Crackdown appeared first on Coin Edition .