Logo from Huobi HK

HTX platform withdraws HK licence application for second time

The company should leave Hong Kong within three months. 

Virtual asset trading platform Huobi HK has once again withdrawn its application for a licence to operate in Hong Kong, which means it has until August to leave the country as prescribed by the country’s laws.

According to the Securities and Futures Commission (SFC), HBGL Hong Kong Limited was removed from the list of applicants on 14 May after it withdrew its application made on 26 February.

HBGL first applied on 20 February, which it also took back on 23 February.

The company has yet to disclose the reason behind its move. SFC did not also mention the reason for the withdrawal.

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