HTX’s Hong Kong affiliate withdraws license application again

HTX ’s Hong Kong affiliate withdrew its license application for the second time on Tuesday, adding uncertainty about whether the exchange can legally operate in the region.

The SFC’s license application page showed that Huobi HK was removed from the list on Tuesday. That came after the company re-submitted the application on February 26 after its previous application was withdrawn on February 23. The Hong Kong SFC stipulates that crypto trading platforms that fail to submit their license applications by Feb. 29 must close down their businesses in Hong Kong by May 31 or within three months of further notification.

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