HTX Withdraws Hong Kong Crypto Exchange Application
Hong Kong’s securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.
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Hong Kong’s securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.