Huobi was rejected twice! Huobi HK's Hong Kong virtual asset license application has been withdrawn

Information from the official website of the Hong Kong Securities and Futures Commission (SFC) shows that the virtual asset trading platform license application of “Huobi HK” was withdrawn on May 14.

The name of the operating company of the "Huobi HK" platform is "HBGL Hong Kong Limited". As for the reason for withdrawing the license application, the platform has not yet published an announcement on its official website to explain.

According to the China Securities Regulatory Commission, the reasons why an applicant’s license is returned, refused or withdrawn include but are not limited to: 1. The license application is incomplete and/or has important issues The application was returned by the Securities and Futures Commission without resolution; 2. The license application was rejected or withdrawn.

So far, the number of Hong Kong virtual asset trading platform license applications that have been withdrawn and returned is 7, while the number of applications listed has been reduced to 20.

According to past reports, "Huobi HK" initially submitted its license application for the first time on February 20, but withdrew the application just three days later and then resubmitted the application on February 26. In other words, the license application of "Huobi HK" has been withdrawn for the second time.

In addition, the ambiguous and confusing relationship between Huobi HK, HBGL and the cryptocurrency exchange Huobi (Huobi, the English brand has been renamed from Huobi to HTX) has also caused deep confusion in the outside world.

Huobi originally announced the launch of Huobi HK in May last year, but in November it issued a statement to sever external relations, emphasizing that "Huobi Global (the operator of HTX)" and "HBGL Hong Kong Limited (Huobi HK)" "Operator)" although they have similar brand names (using the same LOGO), they are independent entities. Huobi Global also stated that Huobi Global has no intention to submit any license application to the Hong Kong Securities and Futures Commission.

Huobi HK also stated on November 9 that it intends to apply for a virtual asset trading platform license in the future, and that the platform will be independently operated by HBGL, which does not participate in the management and operation of HTX.

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