HTX withdraws Hong Kong license application
An HTX spokesperson said Huobi HK operates independently from HTX. Huobi HK did not immediately respond to The Block’s request for comment.
The Hong Kong SFC stipulates that cryptocurrency trading platforms that fail to submit license applications by February 29 must close their operations in Hong Kong by May 31.
Unlike neighboring mainland China’s widespread crackdown on cryptocurrency trading and mining, Hong Kong We have launched a welcome mat for cryptocurrency companies last year. In June 2023, Hong Kong officially launched a cryptocurrency licensing regime for virtual asset trading platforms, allowing licensed exchanges to provide retail trading services. Hong Kong has licensed two platforms: HashKey and OSL.
Many global exchanges have applied for these retail trading licenses. According to the website, the financial regulator is formally reviewing applications from 19 cryptocurrency companies, including OKX, Bybit, Bullish and Crypto.com. Cryptocurrency platform HKVAEX According to reports According to SFC’s applicant list, it applied for the same license on January 4 in conjunction with Binance.
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