Huobi Hong Kong

The Huobi crypto exchange has applied for one of the first cryptocurrency trading licenses in Hong Kong.

This was announced by the head of the exchange, Justin Sun.
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So far, only OSL and HashKey exchanges have received licenses to exchange cryptocurrencies in Hong Kong.

This comes shortly after the Hong Kong Securities and Futures Commission (SFC) announced the launch of a public consultation on new requirements for digital asset trading platform operators.

Under the new licensing regime, which will come into effect on June 1, all centralized websites operating in Hong Kong or dealing with local investors will be required to obtain a license from the SFC.

In addition to obtaining a license, Huobi will also launch a new exchange in Hong Kong called Huobi Hong Kong.

The new platform will focus on providing trading services to Hong Kong institutional investors and high net worth individuals.