While 22 exchanges initially applied for a crypto license in Hong Kong, many, including OKX and Huobi HK, withdrew their applications right before the deadline.
All cryptocurrency exchanges that have not applied for an operational license with the Securities and Futures Commission of Hong Kong are legally required to cease operations in the region immediately.
In May alone, six cryptocurrency exchanges, including global players like OKX and Huobi HK, withdrew from the Hong Kong market.Hong Kong SFC considers allowing Ether staking for ETF issuers The Gate.HK trading platform will no longer be operational from May 28, all the previously tradable tokens, such as Bitcoin (
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