HTX's Hong Kong Subsidiary Withdraws License Application
Main page News, Cryptocurrency Exchanges, Hong Kong

HTX's Hong Kong subsidiary, HBGL Hong Kong Limited, has withdrawn its license application for the second time on Tuesday.

Hong Kong's Securities and Futures Commission (SFC) has updated its website to move Huobi HK from the list of virtual asset trading platform applicants to the list of those who have withdrawn their applications.

The removal of Huobi HK from the SFC's list of applicants came on Tuesday, following a resubmission of the application on February 26 after an initial withdrawal on February 23.

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Under SFC regulations, crypto trading platforms that fail to submit their license applications by Februrary 29 must stop operations in Hong Kong by May 31 or within three months of further notification.

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