Huobi Hong Kong Withdraws Its License Application Again
Crypto News– The Hong Kong-based subsidiary of HTX has once again withdrawn its application for a virtual asset trading license in the country, according to a notice on the Securities and Futures Commission’s (SFC) website.
Initial Report and Lack of Response
The South China Morning Post first reported that Huobi Hong Kong had withdrawn its license. An email to a spokesperson for Huobi Hong Kong, operated by HBGL Hong Kong Limited, had not been returned by press time.
SFC Notice and Requirements
Hong Kong’s SFC posted a notice on its website stating that platforms that fail to submit a license application must shut down by May 31. The SFC did not specify why the application was withdrawn.
Other Exchanges Under Review
Many major crypto exchanges, including OKX, Crypto.com, and Bullish, are currently having their licenses reviewed by the SFC. Bullish owns CoinDesk.
Previous Statement from HTX
In June 2023, HTX’s Justin Sun said that Huobi Hong Kong would have a license in 6-12 months. HTX maintains that Huobi Hong Kong is a wholly separate entity.
FAQs
What happened with Huobi Hong Kong’s license application?
Huobi Hong Kong has withdrawn its application for a virtual asset trading license in Hong Kong for the second consecutive time.
Who reported the withdrawal of the license application?
The withdrawal was first reported by the South China Morning Post and was also noted in a notice on the Securities and Futures Commission’s (SFC) website.
Why did Huobi Hong Kong withdraw its license application?
The specific reasons for the withdrawal have not been disclosed by the SFC or Huobi Hong Kong.
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