TechFlow news, on February 20, Sun Yuchen, member of Huobi Global Advisory Committee, announced via social media that Huobi is applying for a cryptocurrency trading license in Hong Kong. He stated this marks a significant step forward for cryptocurrency exchanges and demonstrates Huobi's ongoing commitment to operating in a compliant and regulated manner. Sun also revealed that Huobi will launch a new exchange in Hong Kong called Huobi Hong Kong, which will focus on providing trading services to institutional investors and high-net-worth individuals in the region.
Since last year, Hong Kong has rolled out several crypto-friendly policies and announced its "crypto initiatives." Today, the Securities and Futures Commission (SFC) of Hong Kong indicated in a consultation paper that it will allow individual investors to trade large-cap tokens on SFC-licensed exchanges, with BTC and ETH trading expected to commence on June 1.Original link
