The Securities and Futures Commission website includes a notice stating that HTX’s company in Hong Kong has once again withdrew its application for a virtual asset trading licence in the nation. The news of Houbi Hong Kong’s licence withdrawal was initially reported by The South China Morning Post. By the time of publication, an email sent to a representative of HBGL Hong Kong Limited, the company that runs Huobi Hong Kong, had not been answered.
The SFC of Hong Kong announced on its website that platforms that do not file a licence application had to close by May 31. The SFC did not provide an explanation for the application’s withdrawal.
Several prominent cryptocurrency exchanges, including as OKX, Crypto.com, and Bullish, are presently undergoing licence reviews by the SFC. Justin Sun of HTX stated in June 2023 that Huobi Hong Kong would obtain a licence in six to twelve months. Huobi Hong Kong, according to HTX, is an entirely other company.