Huobi Hong Kong Faces Another Setback: License Application Withdrawn Again
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HTX’s subsidiary in Hong Kong has retracted its license application for a second time.
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Neither the market regulator of Hong Kong nor HTX has released any statements regarding this retraction.
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HTX’s Hong Kong branch has again rescinded its application for a virtual asset trading license, as indicated by a notice on the Securities and Futures Commission’s (SFC) website.
The South China Morning Post was the first to announce HTX’s license retraction.
Requests for comment from HTX’s Hong Kong spokesperson, HBGL Hong Kong Limited, were not answered at the time of publication.
The SFC’s website outlines that any trading platforms failing to submit a license application must cease operations by May 31. The reason behind the withdrawal remains unspecified by the SFC.
Numerous prominent cryptocurrency exchanges like OKX, Crypto.com, and Bullish are presently undergoing the SFC’s license review process. It’s worth noting that Bullish is the owner of CoinDesk.
In June 2023, Justin Sun of HTX conveyed that HTX’s Hong Kong branch would secure a license within a span of six to twelve months.
HTX asserts that their Hong Kong subsidiary operates as an entirely independent entity.
