{"id":79491,"date":"2023-05-29T13:19:29","date_gmt":"2023-05-29T10:19:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79491"},"modified":"2025-09-11T11:22:03","modified_gmt":"2025-09-11T08:22:03","slug":"huobi-applies-for-licence-to-operate-crypto-exchange-in-hong-kong","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/huobi-applies-for-licence-to-operate-crypto-exchange-in-hong-kong\/","title":{"rendered":"Huobi applies for licence to operate crypto exchange in Hong Kong"},"content":{"rendered":"<p>On May 29, the Huobi cryptocurrency exchange submitted an application to the Securities and Futures Commission of Hong Kong for a licence to organise spot trading of digital assets for retail and institutional investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Huobi?src=hash&#038;ref_src=twsrc%5Etfw\">#Huobi<\/a> HK has now begun offering spot and custody services to professional and retail clients. As a pioneer in Hong Kong&#8217;s virtual asset trading platform, Huobi HK has formally submitted an application notice to the Hong Kong <span class=\"old_tooltip\" data-descr=\"Securities and Futures Commission of Hong Kong\">SFC<\/span> on May 29, 2023, and we look forward to obtaining a virtual asset exchange licence. <\/p>\n<p>In the next six months, Huobi HK\u2026 <a href=\"https:\/\/t.co\/qkYSqKbLBH\">pic.twitter.com\/qkYSqKbLBH<\/a><\/p>\n<p>\u2014 \u706b\u5e01Huobi\u4e2d\u6587\u9891\u9053 (@HuobiGlobalzh) <a href=\"https:\/\/twitter.com\/HuobiGlobalzh\/status\/1663056188567883777?ref_src=twsrc%5Etfw\">May 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/p>\n<p>Under the proposed SFC rules, from June 1 cryptocurrency trading platform operators must hold a licence. Those that fail to comply with this requirement will wind down their activities.<\/p>\n<p>Huobi HK will engage auditors and focus on regulatory compliance and anti-money-laundering efforts.<\/p>\n<p>Initially, the platform&#8217;s listings will include Bitcoin, Ethereum and &#8216;other major coins&#8217;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHuobi will continue to cooperate with Hong Kong regulators to support the development of a dynamic <em>Web3<\/em> hub,\u201d the company said.<\/p>\n<\/blockquote>\n<p>Earlier, <a href=\"https:\/\/u1f987.com\/en\/news\/okx-to-apply-for-a-hong-kong-license\">OKX<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/bitmex-to-obtain-license-in-hong-kong\">BitMEX<\/a> announced plans to operate in the Special Administrative Region of China.<\/p>\n<p>In January 2023, Hong Kong&#8217;s Financial Secretary Paul Chan <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-signals-commitment-to-developing-the-crypto-industry\">said<\/a> that the jurisdiction was ready to welcome cryptocurrency firms from around the world.<\/p>\n<p>In May, the head of the <span data-descr=\"Hong Kong Monetary Authority\" class=\"old_tooltip\">HKMA<\/span> Eddie Yue noted that authorities will apply a tough but sensible approach to <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-signals-a-tough-approach-to-regulating-cryptocurrencies\">regulation of cryptocurrencies<\/a>.<\/p>\n<p>Earlier, Malaysia&#8217;s regulator <a href=\"https:\/\/u1f987.com\/en\/news\/malaysian-regulator-says-huobi-lacks-authorization-to-operate-in-the-country\">said<\/a> that Huobi did not have permission to operate in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 29, the Huobi cryptocurrency exchange submitted an application to the Securities and Futures Commission of Hong Kong for a licence to organise spot trading of digital assets for retail and institutional investors.<\/p>\n","protected":false},"author":1,"featured_media":79492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[832,230],"class_list":["post-79491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hong-kong","tag-huobi"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79491"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79491\/revisions"}],"predecessor-version":[{"id":79493,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79491\/revisions\/79493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79492"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}