HTX withdraws Hong Kong crypto license application three days after submitting it

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Crypto change HTX (previously Huobi) has made a U-turn by withdrawing its utility for a crypto license in Hong Kong just some days after submitting it.

In line with the Securities and Futures Fee’s (SFC) official website, which publishes a listing of crypto change license candidates, HTX has aligned with three different corporations in retracting their plans to increase companies in Hong Kong.

On the time of writing, HTX made no public statements relating to its sudden shift in technique.

The transfer comes shortly after HTX by its native subsidiary Huobi HK operated by HBGL Hong Kong Restricted had filed for a digital asset buying and selling platform (VATP) license.

As crypto.information earlier famous, the SFC has granted licenses to solely two exchanges in Hong Kong to date: OSL and HashKey Change, in December 2020 and November 2022, respectively.

On Feb. 21, Circle, one of many main issuers of stablecoins, made headlines by saying its choice to cease supporting USD Coin (USDC) on TRON, a blockchain community based by Justin Solar, who additionally serves as an advisor to HTX. Whereas the exact motive behind that call stays undisclosed, Circle emphasised that it aligns with their dedication to upholding USDC’s integrity as a trusted, clear, and safe forex.

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