Huobi, one of the world’s leading cryptocurrency exchanges, may obtain a license to operate in Hong Kong within the next 6 to 12 months, according to Justin Sun, the founder of Tron and CEO of BitTorrent.
In a recent interview with Bloomberg, Sun stated that Huobi is currently in talks with Hong Kong regulators and is working towards obtaining a license to operate in the region. He also noted that Huobi has been expanding its presence in the Asia-Pacific region, with a particular focus on Southeast Asia.
Hong Kong has become an increasingly important market for cryptocurrency exchanges, as it is a major financial hub and has a large population of tech-savvy individuals. However, the regulatory environment in Hong Kong has been somewhat uncertain in recent years, with the government taking a cautious approach to cryptocurrency regulation.
Despite this, Sun believes that Huobi will be able to obtain a license to operate in Hong Kong within the next year. He noted that the company has a strong track record of compliance and has already obtained licenses to operate in other jurisdictions, such as Japan and South Korea.
Huobi has been expanding rapidly in recent years, with the company now operating in over 130 countries and serving more than 5 million users. The company has also been investing heavily in blockchain technology, with plans to launch its own blockchain platform and token.
Overall, the news that Huobi may obtain a license to operate in Hong Kong is a positive development for the cryptocurrency industry. It shows that regulators are becoming more open to the idea of cryptocurrency exchanges operating in their jurisdictions, and it could help to boost adoption of cryptocurrencies in the region.
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- Source: Plato Data Intelligence.