Huobi Hong Kong Forced to Shut Down After Withdrawing License Application

Wednesday, 15 May 2024, 07:30
In a surprising turn of events, HBGL, the HTX affiliate running Huobi HK, has decided to withdraw its cryptocurrency license application. This move will lead to the closure of the crypto exchange in compliance with Hong Kong's virtual asset regulations. The abrupt decision raises questions about the future of cryptocurrency exchanges in the region, highlighting the challenges faced by companies navigating regulatory frameworks.
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Huobi Hong Kong Forced to Shut Down After Withdrawing License Application

HTX Affiliate Huobi Hong Kong Withdraws Cryptocurrency License Application

HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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