HTX is applying for a license from the Securities and Futures Commission of Hong Kong (SFC) through its subsidiary HBGL Hong Kong.
Currently, only two companies have a license: OSL Digital Securities and Hash Blockchain.
According to the head of the HTX exchange and the founder of Tron, Justin Sun, it takes about a year and at least $25 million to obtain an SFC license.
The HTX cryptocurrency exchange was founded under the name Huobi in mainland China in 2013. However, due to tightened laws, the PRC was forced to change jurisdiction.
Earlier, the head of HTX announced that an additional burning of 20 million HT tokens worth about $50 million would soon take place. After completion of the procedure, HT will become decentralized meme tokens.
Source: Bits
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