Welcome to our weekly cryptocurrency news from East Asia.

Old Mt. Gox CEO Mark Karpeles stated that the company will not sell its Bitcoin stock to pay creditors for now. "As far as I know, everything is fine with Mt Gox. The board of trustees is moving the coins to a different wallet for distribution, which will probably take place this year; there is no immediate sale of Bitcoins," Karpeles said.

Hong Kong's Securities and Futures Commission (SFC) will require all unlicensed virtual asset trading platforms (VATP) to leave the city starting next month.

Chen Chun, Professor of the School of Computer Science and Technology at the Chinese Academy of Engineering, praised Hong Kong as a "sandbox" for the development of Web3 and the digital economy of mainland China.

Hong Kong crypto investment firm Sinohope was created by Leon Li, co-founder of Huobi Global (now HTX), and has recovered 100% of blocked deposits on bankrupt crypto exchange FTX.

Binance acquired a majority stake in Gopax, one of Korea's top five crypto exchanges by market share, last year. Gopax owed 70 billion won ($50.9 million) to its users. However, after paying 35 billion won ($25.5 million) to users through the sale of creditor claims, the remaining balance of 35 billion won ($25.5 million) will increase to 100 billion won ($72.7 million) due to the appreciation of crypto assets since Genesis declared bankruptcy in 2022. million dollars) came out.

What do you think about this news? We are waiting your comments.#blockchain#cryptocurrency#MtGox#HongKong#Binance#Sinohope