Huobi exchange has applied for licensing of spoke trade services in Hong Kong – Bits Media

Huobi HK officially announced, what 29 May submitted to the Securities Commission and Futures Hong Kong (SFC) Application for a license to exchange crypto assets.

In accordance with applicable law, Before cryptocurrency companies can provide customers with regulated services, They must submit to SFC a preliminary application for consideration of the possibility of licensing activities, and also get a qualified audit report.

“The next six months, Huobi HK will work with independent auditors and will focus on the platform compliance with the requirements of the Hong Kong securities regulation in matters of security and combating money laundering”, - said in the message of the exchange.

The Hong Kong Administration of the Exchange reports, that at present, spare trade services are provided to customers through the main resource of the Huobi Exchange. However, in the near future, users will be able to buy, sell and store crypto assets directly through accounts, open in Huobi HK.

In early May, the chairman of the monetary circulation of Hong Kong (Hkma) Eddie Yue (Eddie Yue) warned
cryptocurrency companies, that they should not expect concessions from the regulators, Despite the desire of the region to become a center for the development of digital assets.