Odaily News The official website of the Hong Kong Securities and Futures Commission shows that the virtual asset trading platform license applications submitted by IBTCEX and QuanXLab to the Hong Kong Securities and Futures Commission have been withdrawn. Relevant information shows that the name of the virtual asset trading platform operator company submitted by IBTCEX is "Willows Asia Technology Company Limited", and the Chinese name is "Yonghao Asia Technology Co., Ltd.". The application was submitted on February 22, 2024, and the application was withdrawn on May 13. The name of the virtual asset trading platform operator company submitted by QuanXLab is "QuanX Lab Limited", and the Chinese name is "Quanyi Technology Co., Ltd.". The application was submitted on February 29, 2024, and the application was withdrawn on May 13. According to the information disclosed by the Hong Kong Securities and Futures Commission, the relevant license applications have been returned, rejected or withdrawn, including but not limited to the following reasons: the license application was returned by the Securities and Futures Commission due to incompleteness and/or important issues that have not been resolved; and the license application was rejected or withdrawn.