Hong Kong crypto license application by HTX withdrawn just three days after submission
HTX, formerly known as Huobi, has withdrawn its application for a crypto license in Hong Kong shortly after submitting it. This decision aligns with three other firms who have also retracted their plans to expand services in Hong Kong, as listed on the Securities and Futures Commission’s official website. HTX has not made any public statements regarding this change in strategy. This move comes after HTX’s local subsidiary, Huobi HK operated by HBGL Hong Kong Limited, filed for a virtual asset trading platform license. The SFC has granted licenses to only two exchanges in Hong Kong so far: OSL and HashKey Exchange. In other news, Circle, a leading issuer of stablecoins, recently announced that it will no longer support USD Coin (USDC) on the TRON blockchain network. This decision, which is in line with Circle’s commitment to maintaining the integrity of USDC as a trusted and secure currency, has garnered attention.
