Huobi Hong Kong Withdraws License Application for the Second Time

The Hong Kong-based subsidiary of HTX has once again withdrawn its application for a virtual asset trading license in the country, according to a notice on the Securities and Futures Commission’s website. The South China Morning Post first reported that Houbi Hong Kong had withdrawn its license. 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 The SFC did not specify why the application was withdrawn. Many major crypto exchanges, including OKX, Crypto.com, and Bullish, are currently having their licenses reviewed by the SFC.

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