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22 Crypto Firms Seek Operational Licenses in Hong Kong

At least 22 crypto firms, including industry giants like OKX, ByBit, and Huobi HK, have applied for operational licenses in Hong Kong. If approved, these firms will be able to offer retail trading services in the region and contribute to Hong Kong's efforts to become a major crypto hub. Hong Kong's clear regulatory framework has attracted many crypto-based firms looking for a conducive environment for their businesses to thrive. The influx of diverse players promises to foster healthy competition and innovation within the sector, while also reflecting a broader trend of regulatory compliance and institutional acceptance within the crypto industry.

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