coindesk.com
The Hong Kong-based subsidiary of $HTX, formerly known as Huobi, has withdrawn its application for a virtual asset trading license, according to a notice on the Securities and Futures Commission website.
The SFC's website shows that $HTX withdrew its application three days after it was submitted.
Last June, CoinDesk reported that Justin Sun predicted $HTX (then Huobi) could receive a Hong Kong crypto trading license in 6 to 12 months.
A spokesperson for $HTX did not immediately return a request for comment.
Hong Kong's South China Morning Post first reported the exchange had withdrawn its application.