Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening By Cointelegraph

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The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.

On May 29, the Hong Kong-based crypto exchange CoinEx became the latest to signal its entry to the city, saying it’s launching a local platform called BitHK, which will submit its Virtual Asset Service Provider (VASP) license application to the securities regulator on June 1.

Original and translated tweet from Huobi announcing its offering of crypto trading to Hong Kong retail customers. Source: Twitter

New industry groups join the party