Huobi HK Withdraws VATP License Application for the Second Time

• Huobi HK reportedly withdrew its application for the SFC’s virtual asset trading platform license on May 14.
• While the platform initially submitted the application on February 20, it was withdrawn on February 23.
• Though Huobi HK resubmitted the application on February 26, it was withdrawn for the second time.

Recent reports state that HTX’s Hong Kong subsidiary, Huobi HK, has withdrawn its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC) for the second time.

According to Chinese crypto reporter Colin Wu’s X post on his Wu Blockchain page, Huobi HK withdrew the application on May 14. The platform initially submitted an application for the license on February 20 but withdrew it after three days.

According to the Hong Kong SFC, Huobi HK's application for a virtual asset trading platform license was withdrawn on May 14. Huobi HK first submitted on February 20, and was withdrawn on February 23. This is the second withdrawal.https://t.co/XZhHM7FgU3

— Wu Blockchain (@WuBlockchain) May 15, 2024

Though Huobi HK resubmitted the application on February 26, it was withdrawn again on May 14. The repea…

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