Huobi's HTX expansion into Hong Kong hindered? Applies for license from Hong Kong SFC for the second time
Sun Yuchen's exchange HTX appears to have encountered obstacles in expanding its business in Hong Kong, as HTX has resubmitted its license application for unknown reasons.
HTX DAO and People's Exchange Launch Ceremony Successful, Sun Yuchen: Building Huobi HTX as the People's Exchange
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HTX Reapplies for Hong Kong Operating License?
According to South China Morning Post, HBGL Hong Kong Limited, a subsidiary of HTX, formerly Huobi, submitted an application to the SFC on February 20, only to withdraw it on the 23rd.
HBGL did not publicly disclose the reason for the withdrawal and did not respond to requests for comment from South China Morning Post and The Block.
Finally, on the 26th, HBGL resubmitted the application.
Deadline for Hong Kong Exchange Applications: February 29
The SFC stated that three cryptocurrency exchanges have withdrawn their applications so far, with one already rejected.
According to SFC announcement, exchanges must apply for a license by February 29, or they will be forced to suspend operations in Hong Kong by May 31 this year.
As of now, only OSL and HashKey have obtained virtual asset trading licenses, while the applications of 20 other entities are still pending.
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