Huobi HK Withdraws License Application from Hong Kong SFC Again

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Huobi HK has withdrawn its application for a virtual asset trading platform license from the Hong Kong Securities and Futures Commission (SFC) for the second time. The application was initially submitted on February 20 but was withdrawn on February 23, and again on May 14. This repeated withdrawal raises questions about Huobi HK’s plans and regulatory readiness in the Hong Kong market, shedding light on potential hurdles in meeting the SFC’s requirements for operating a virtual asset trading platform.