Crypto exchange HTX (formerly Huobi) has made a U-turn by withdrawing its application for a crypto license in Hong Kong just a few days after submitting it.

Huobi HK has withdrawn its license application as a virtual asset trading platform in Hong Kong, according to the regulator’s website. 

Explore the developments in Hong Kong's crypto exchange regulations. Learn about the license revocation and the SFC's guidance for investors.

The legislative effort aims to address concerns over privacy and the role of government in financial transactions via CBDCs.

An emergency survey that aims to measure crypto mining firms' electricity consumption has to be halted, a Texas judge ruled last week.

The head of South Korea’s financial watchdog is set to meet SEC chair Gary Gensler in May this year to discuss NFTs and bitcoin ETFs.

He also pointed out that anything done to strangulate or ban cryptocurrency may not entirely work as it would be against the interest of the country

The biggest of the regulators are keenly watching over the developments happening in the digital assets industry. Along with the recent growth, concerns have arisen regarding investor protection, market stability, and regulatory oversight. In order to address these concerns, nati...