- Huobi HK reportedly withdrew its digital asset buying and selling platform license software from the SFC on the 14th.
- Whereas the platform initially submitted the applying on February 20, it was withdrawn on February 23.
- Though Huobi HK resubmitted the applying on February 26, it was withdrawn a second time.
Current stories point out that HTX's Hong Kong subsidiary, Huobi HK, has withdrawn its software for a digital asset buying and selling platform license from the Hong Kong Securities and Futures Fee (SFC) for the second time.
In accordance with a publish X by Chinese language crypto reporter Colin Wu on his Wu Blockchain web page, Huobi HK withdrew the request on Might 14. The platform initially utilized for a license on February 20, however withdrew it after three days.
Though Huobi HK resubmitted the applying on February 26, it was withdrawn once more on Might 14. The repeated withdrawals have raised issues in the neighborhood in regards to the firm's readiness to offer service in Hong Kong, fueling hypothesis about the way forward for Huobi HK and its potential issues working throughout the metropolis.
The SFC shared an inventory of platforms whose license purposes have been “returned, refused or withdrawn”. These platforms have been faraway from the “Listing of Digital Asset Buying and selling Platform Candidates” (DPHP Applicant Listing).
Different platforms which have withdrawn their VATP license purposes embrace Ammbr, BitHarbour, HKVAEX, IBTCEX and QuanXLab. Earlier on February 7, 2024, the Meex app was returned to Meex Digital Securities Restricted and the platform was delisted on February 7, 2024.
Ammbr was faraway from the DPHP SFC applicant checklist in 2023, whereas all different platforms have been eliminated in 2024. Though Huobi HK marks the most recent withdrawal, QuanXLab and IBTCEX withdrew their purposes on Might 13.
In associated information, the SFC introduced the closure of unlicensed crypto corporations by the top of Might 2024. The regulator obtained license purposes from 22 companies, together with Huobi, forward of the deadline. Nevertheless, massive gamers like Binance, Kraken and Coinbase haven’t submitted their requests.
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