TechFlow reported on December 3 that Bybit co-founder and CEO Ben Zhou stated in an interview with the Hong Kong Economic Times that the exchange plans to resubmit its application for a virtual asset license in Hong Kong during the first quarter or first half of 2025. Zhou emphasized that the primary purpose of applying for the Hong Kong license is to attract talent, rather than to expand into the Hong Kong market.
Recently, Bybit has allowed overseas Chinese users to complete KYC using mainland Chinese passports and ID cards. However, after legal consultation, it will not offer RMB-denominated services. The platform is currently prioritizing obtaining a European license and has already applied for a license in Singapore, aiming for approval next year. Regarding the U.S. market, Zhou said the company will wait and observe policy changes under the incoming SEC chair before making any decisions.
