HTX, FORMERLY HUOBI, WITHDRAWS HONG KONG CRYPTO LICENCE APPLICATION THREE DAYS AFTER SUBMISSION

Summary from the TLDR Crypto newsletter

HTX, the crypto exchange formerly known as Huobi Global, has abruptly withdrawn its application for a license to operate in Hong Kong. The decision signifies a major shift from its earlier plans to expand in the city following its exit from the Chinese market. The reason behind the withdrawal has not been publicly disclosed and the company has not issued a comment. Three other cryptocurrency exchanges have also pulled their applications, and one has had its application returned.