{"id":17025,"date":"2023-02-20T22:15:22","date_gmt":"2023-02-20T22:15:22","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/huobi-crypto-exchange-aims-to-expand-to-hong-kong-amid-regulatory-changes\/"},"modified":"2023-02-20T22:15:24","modified_gmt":"2023-02-20T22:15:24","slug":"huobi-crypto-exchange-aims-to-expand-to-hong-kong-amid-regulatory-changes","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/huobi-crypto-exchange-aims-to-expand-to-hong-kong-amid-regulatory-changes\/","title":{"rendered":"Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes"},"content":{"rendered":"
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Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong as the Chinese\u00a0special administrative region considers new licensing and regulatory moves that would allow it to serve retail customers.<\/p>\n
The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the exchange to expand its services to the city. Huobi also plans to open<\/a> a new exchange named Huobi Hong Kong that would concentrate on institutional and high-net-worth individuals, according to a Twitter thread by Justin Sun. <\/p>\n The SFC recently opened the new Hong Kong licensing proposals for public comment, with the new regime to go into effect in June. News of the expected changes led to financial services providers lining up to take part in the new, expanded system in December. <\/p>\n Exciting news! Huobi is stoked about Hong Kong’s pro-crypto policies & we’re working hard to secure our crypto license there. Our aim is to be one of the first fully compliant exchanges in HK & collaborate with our Asia-Pacific users to drive digital asset growth! #Huobi<\/a> #Crypto<\/a> pic.twitter.com\/ktZw1WE2cs<\/a><\/p>\n\n