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Justin Sun: Huobi May Obtain A Trading License in Hong Kong within 6 to 12 Months
Summary: Justin Sun, the founder of Tron, said on CoinDesk TV that Huobi may obtain a cryptocurrency trading license in Hong Kong by the end of this year at the earliest. Huobi submitted its application to become a virtual asset service provider (VASP) last week, which included an 18-month grace period for the regulator to approve ...
Justin Sun, the founder of Tron, said on CoinDesk TV that Huobi may obtain a cryptocurrency trading license in Hong Kong by the end of this year at the earliest.
Huobi submitted its application to become a virtual asset service provider (VASP) last week, which included an 18-month grace period for the regulator to approve or reject the application, but Justin Sun predicts that results could come within the next six to 12 months.
Huobi earlier became the first exchange member of HKVAC, a virtual asset rating agency in Hong Kong. HKVAC aims to create a safe virtual asset investment environment in Hong Kong to increase public investors' recognition of virtual assets.
Justin Sun also said that OKX, Gate.io, Bitget, Bybit and other exchanges may also apply for licenses.
Asked about the possibility of competing with Coinbase and Kraken in Canada, Justin Sun said Huobi has no plans to operate in the country given its strict regulatory requirements.
Tags: Hong Kong,Huobi,Justin Sun
Link: Justin Sun: Huobi May Obtain A Trading License in Hong Kong within 6 to 12 Months [Copy]
