HT increases by 16 % in the middle of Huobi's plans to secure the crypto license in Hong Kong

HT increases by 16 % in the middle of Huobi's plans to secure the crypto license in Hong Kong
The native tokens of the crypto exchange Huobi Global-HT-rose by around 16 %after Justin Sun had presented the company's intentions to receive a trade license in Hong Kong.
If the approval is granted, the platform will enable the platform to offer a wide range of services and products for digital assets.
- Justin Sun-founder of Tron and member of Huobi's Global Advisory Board-announced that the crypto stock exchange has applied for a trade license from Hong Kongs.
- He described the initiative as a "big step" and as proof that the company is ready to work with global regulatory authorities. He also believes that the potential approval of Huobi will help build a "reliable" platform for users in Hong Kong.
big news for crypto today: @huobiglobal announced to apply for a crypto trade license in Hong Kong! This is an important step for the large cryptocurrency exchange and a sign of your continuing commitment to a law -compliant and regulated company. 🇨🇳
- He Justin Sun 孙宇晨 (@Justinsuntron) 20. February 2023
- He also announced the opening of a new trading center in the special administrative zone of China called Huobi Hong Kong. "Local regulations are completely adhered to and offer customers a number of trading pairs and services," SUN assured
- The native token of the stock exchange - HT - rose hours after disclosure by about 16 %. It is currently being traded at $ 6, while he used to reach $ 6.10 today.
- It is worth mentioning that Sun is one of the greatest owners from HT. He Care Last year that he has "tens of million" coins when he started collecting in 2013.
- Sun previously claimed that a likely increased introduction of cryptocurrencies in Hong Kong China could soften the industry. All digital asset services in the most populous country are currently prohibited.
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