{"id":45620,"date":"2023-02-21T14:02:03","date_gmt":"2023-02-21T18:02:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=45620"},"modified":"2023-02-21T14:02:05","modified_gmt":"2023-02-21T18:02:05","slug":"huobi-global-applies-for-crypto-trading-license-in-hong-kong","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-global-applies-for-crypto-trading-license-in-hong-kong\/","title":{"rendered":"Huobi Global Applies For Crypto Trading License In Hong Kong"},"content":{"rendered":"\n

Huobi is taking action to get regulatory approval for its operations in Hong Kong <\/a>and to set up a local company.<\/p>\n\n\n\n

\"Huobi
Huobi Global Applies For Crypto Trading License In Hong Kong<\/figcaption><\/figure>\n\n\n\n

Justin Sun, adviser at Huobi Global and founder of TRON, stated that the new license will let Huobi to provide cryptocurrency trading and investing options to Hong Kong residents in a Twitter thread on February 20, 2023. <\/p>\n\n\n\n

Sun already disclosed Huobi's intentions to enter the city. Moreover, the crypto trading exchange will establish Huobi Hong Kong, a local cryptocurrency exchange that complies with regulations and targets institutional investors.<\/p>\n\n\n\n

The Securities and Futures Commission<\/a> (SFC) is currently soliciting feedback from the public on a consultation document when the most recent development occurs.<\/p>\n\n\n\n

The SFC will soon require licenses from all centralized cryptocurrency exchange platforms<\/a> operating in Hong Kong, according to the city's regulatory body, although the regulator is also seeking input on whether regulated businesses should provide services to retail investors.<\/p>\n\n\n\n

Moreover, Hong Kong made intentions to authorize cryptocurrency trading in June 2023. Companies looking to do business in Hong Kong continue to pour into the city.<\/p>\n\n\n\n

In addition to Huobi, the largest bank in Singapore, DBS, is attempting to submit an application for a regulatory license that would permit the bank to offer cryptocurrency trading services\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to its Hong Kong clients.<\/p>\n","protected":false},"excerpt":{"rendered":"

Huobi is taking action to get regulatory approval for its operations in Hong Kong and to set up a local company. Justin Sun, adviser at Huobi Global and founder of TRON, stated that the new license will let Huobi to provide cryptocurrency trading and investing options to Hong Kong residents in a Twitter thread on […]<\/p>\n","protected":false},"author":43,"featured_media":45622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-45620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1676921791546.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=45620"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/45622"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=45620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=45620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=45620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}