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Home»ADOPTION NEWS»HTX withdraws Hong Kong license application
ADOPTION NEWS

HTX withdraws Hong Kong license application

By Crypto FlexsFebruary 27, 20242 Mins Read
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HTX withdraws Hong Kong license application
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Posted 1 minute ago In ~

HBGL Hong Kong Limited, also known as Huobi HK, initially submitted its exchange license application last week but withdrew it three days later on February 23, according to the South China Morning Post. reported, citing the Securities and Futures Commission’s list of license applicants.

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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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