Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News?

• Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others.

Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.

Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.

Hong Kong virtual asset rating agency HKVAC announced the index adjustment results, which will take effect on January 19. The global index adds ICP, NEAR, OP, INJ, and IMX, and removes TUSD, BUSD, HBAR, FIL, and MKR. SOL is added to the top 5 indices and XRP is removed. AVAX is…

— Wu Blockchain (@WuBlockchain) January 12, 2024

HKVAC said that changes were made to the indices and new altcoins were added, while some altcoins such as XRP were removed.

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According to the index adjustment results, the HKVAC Global Major Cryptocurrency Index added some altcoins while delisting others.

It is stated that the added altcoins are Internet Computer (ICP), Near Protocol (NEAR), Optimisim (OP), Injective (INJ) and Immutable (IMX), while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD and HBAR are removed from the index list. It was stated that it was removed.

Likewise, the HKVAC Major Cryptocurrency Index added ICP, NEAR, OP, INJ, and IMX to the list, while removing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB).

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While Solana (SOL) was added instead of XRP in the HKVAC Global Top 5 Indices, Tron (TRX) was removed from the Top 10 Indices and replaced with Avalanche (AVAX).

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