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Crypto Companies Race to Apply for License in Hong Kong

Several cryptocurrency companies are planning to apply for a license in Hong Kong starting from June 1, with CoinEx, Huobi, Gate. io, BitMEX, OKX, ZA Bank, and Greenland Holdings among them.

On May 29, CoinEx announced the launch of its local platform BitHK, which will submit its Virtual Asset Service Provider (VASP) license application to the securities regulator on June 1, while Huobi tweeted that its Hong Kong entity was offering crypto trading to local retail traders.

The SFC announced on May 23 that licensed VASPs could serve retail investors starting from June 1, and new crypto industry groups, the Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour, have also launched to serve different facets of the industry.

Hong Kong Huobi BitMEX
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