Justin Sun: Huobike will obtain a Hong Kong license within 6 to 12 months

According to CoinDesk, Sun Yuchen said on CoinDesk TV that Huobi may obtain a cryptocurrency trading license in Hong Kong by the end of this year at the earliest. He said Huobi submitted its application to become a virtual asset service provider (VASP) last week, which included an 18-month grace period for regulators to approve or reject the application, but Justin Sun said he predicted that in the next six to 12 A decision may be made within a month. Justin Sun also said that exchanges such as OKX, Gate.io, Bitget, Bybit may also apply for licenses. Asked about the possibility of competing with Coinbase and Kraken in Canada, Justin Sun said Huobi had no plans to operate in the country given its strict regulatory requirements.