{"id":21105,"date":"2024-05-23T11:00:32","date_gmt":"2024-05-23T08:00:32","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21105"},"modified":"2024-05-23T10:51:06","modified_gmt":"2024-05-23T07:51:06","slug":"gate-hk-withdraws-crypto-trading-platform-license-application","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/","title":{"rendered":"Gate.HK Withdraws Crypto Trading Platform License Application"},"content":{"rendered":"<p><strong>Gate.HK<\/strong>, the Hong Kong wing of the global cryptocurrency exchange, Gate.io, is in the process of shutting down and has not been listed to carry out its crypto trading platform business in the region. This was expressed in a statement made by the company on Wednesday. It started in May 2023 and applied for the approval with Hong Kong Securities and Futures Commission (SFC) in February but the service withdrew its application on May 22.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#Urgent_User_Action_Required\" title=\"Urgent User Action Required\">Urgent User Action Required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#Future_Plans_and_Regulatory_Compliance\" title=\"Future Plans and Regulatory Compliance\">Future Plans and Regulatory Compliance<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Urgent_User_Action_Required\"><\/span>Urgent User Action Required<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the same statement,<strong> Gate.HK<\/strong> asked its users to pull out their funds by August 28, pointing to a major revamp of its existing website. It also stated that it will terminate future user sign-up and deposits as of today. Additionally, all tokens, including those with higher circulation, like <a href=\"https:\/\/coinengineer.net\/blog\/wisdomtree-receives-approval-on-london-stock-exchange-for-bitcoin-and-ether-etps\/\">Bitcoin<\/a>, <a href=\"https:\/\/coinengineer.net\/blog\/will-the-ethereum-rally-continue\/\">Ether<\/a>, Bitcoin Cash, Litecoin, Solana, Polkadot, Polygon, Uniswap, and USDT, will be removed from the platform before May 28, as required by local laws.<\/p>\n<p><strong>\u201cGate.HK is actively pursuing the aforementioned overhaul,\u201d<\/strong> the company noted. \u201cIn the future, we will continue our business in Hong Kong when we gain the corresponding licenses, and then continue to improve the virtual asset environment. \u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Future_Plans_and_Regulatory_Compliance\"><\/span>Future Plans and Regulatory Compliance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For now, Gate remains closed due to the current challenging economic situation in the country. HK currently operates in the Hong Kong market but has stated its intention to re-enter the market after obtaining necessary licenses. The grounds for application withdrawal were not explained by the SFC and Gate has not followed suit in revealing these facts either. Notably, io has not given any comments regarding the issue. The proposal forms a bigger plan to respect regional legal systems regarding trading practices that are safe for its users.<\/p>\n<p>Indeed, on the official website of the SFC, it was mentioned that the withdrawal has occurred, making it a drastic shift in Gate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gate.HK, the Hong Kong wing of the global cryptocurrency exchange, Gate.io, is in the process of shutting down and has not been listed to carry out its crypto trading platform business in the region. This was expressed in a statement made by the company on Wednesday. It started in May 2023 and applied for the<\/p>\n","protected":false},"author":6,"featured_media":21108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,11],"tags":[6286,1469],"class_list":["post-21105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-exchange-news","tag-gate-hk","tag-hong-kong"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gate.HK Withdraws Crypto Trading Platform License Application<\/title>\n<meta name=\"description\" content=\"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gate.HK Withdraws Crypto Trading Platform License Application\" \/>\n<meta property=\"og:description\" content=\"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T08:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T07:51:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/\",\"name\":\"Gate.HK Withdraws Crypto Trading Platform License Application\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg\",\"datePublished\":\"2024-05-23T08:00:32+00:00\",\"dateModified\":\"2024-05-23T07:51:06+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg\",\"width\":800,\"height\":240,\"caption\":\"Gate.HK\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gate.HK Withdraws Crypto Trading Platform License Application\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gate.HK Withdraws Crypto Trading Platform License Application","description":"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/","og_locale":"en_US","og_type":"article","og_title":"Gate.HK Withdraws Crypto Trading Platform License Application","og_description":"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.","og_url":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/","og_site_name":"Coin Engineer","article_published_time":"2024-05-23T08:00:32+00:00","article_modified_time":"2024-05-23T07:51:06+00:00","og_image":[{"width":800,"height":240,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/","url":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/","name":"Gate.HK Withdraws Crypto Trading Platform License Application","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg","datePublished":"2024-05-23T08:00:32+00:00","dateModified":"2024-05-23T07:51:06+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Gate.HK withdraws its crypto trading license application in Hong Kong, urging users to withdraw assets by August 28 amid a major platform overhaul.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/Gate.HK_.jpg","width":800,"height":240,"caption":"Gate.HK"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/gate-hk-withdraws-crypto-trading-platform-license-application\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Gate.HK Withdraws Crypto Trading Platform License Application"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=21105"}],"version-history":[{"count":3,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21105\/revisions"}],"predecessor-version":[{"id":21111,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/21105\/revisions\/21111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/21108"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=21105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=21105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=21105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}