TRON Justin Sun: Huobi is expected to obtain a license from the Hong Kong Stock Exchange within six months

At a time when cryptocurrency and blockchain technology are developing rapidly, Justin Sun, the founder of TRON, has once again become the focus of the industry. In a recent interview, he said that Huobi is expected to obtain a license from the Hong Kong Stock Exchange as early as six months. This news has undoubtedly injected new vitality into the future development of cryptocurrency exchanges, and has also attracted widespread attention from both inside and outside the industry.

As the founder of TRON, Justin Sun has laid a solid foundation in the blockchain field with his keen market insight and rich industry experience. His vision is not only limited to the ecological construction of TRON, but also to promote the standardization and development of the entire industry. As a well-known cryptocurrency exchange, Huobi's license from the Hong Kong Stock Exchange means that it will be able to operate under a higher legal framework, thereby enhancing user trust and market transparency.

First of all, the significance of obtaining a license from the Hong Kong Stock Exchange is self-evident. As an international financial center, Hong Kong's financial market is second to none in the world in terms of standardization and transparency. If Huobi can successfully obtain a license, it will not only be a milestone in its own development, but also an important step for the entire cryptocurrency industry to move towards the mainstream financial market. Imagine that in the future, Huobi will be able to attract more investors and users on the international stage of Hong Kong, forming a virtuous circle.

Secondly, the six-month time frame mentioned by Justin Sun also triggered people's thinking. This time period is not arbitrary, but is based on a comprehensive consideration of the market status and regulatory environment. In recent years, Hong Kong's financial regulators have gradually tightened their regulatory policies on cryptocurrency exchanges, but at the same time, they are also actively exploring how to combine with emerging technologies to promote the development of the industry. Huobi will be able to find opportunities in such an environment and demonstrate its flexibility.

In this process, Huobi's compliance will become the key. Compliance is not only a prerequisite for obtaining a license, but also a guarantee for future development and growth. Huobi needs to establish a sound compliance system to ensure that relevant laws and regulations are followed during operations and protect the security and privacy of users' funds. This can not only enhance users' sense of trust, but also enhance Huobi's competitiveness in the industry.

Of course, Justin Sun's goal is not limited to obtaining a license. He hopes to use this opportunity to promote the standardized development of the entire industry. In his view, the future of blockchain technology and cryptocurrency lies in the integration with traditional finance, and the foundation of all this is compliance. Only under the framework of compliance can real innovation and development be achieved.

In this process, user experience will also be an aspect that Huobi needs to focus on. With the intensification of market competition, users have higher and higher requirements for exchanges. Huobi needs to continuously optimize the platform's functions and services to enhance users' trading experience. Whether it is transaction speed, handling fees, or customer service response time, they are all the focus of users. Only by doing the best in these details can we win the favor of users.

At the same time, Huobi also needs to continue to innovate at the technical level. Blockchain technology is developing rapidly, and Huobi must keep up with the pace of technology and continuously upgrade its trading platform to adapt to market changes. For example, how to improve the security of transactions, how to optimize the transaction process, and how to improve the stability of the platform are all directions that Huobi needs to explore continuously.

It is worth mentioning that Huobi's global layout also provides strong support for its acquisition of the Hong Kong Stock Exchange license. As an international exchange, Huobi has established a good operating foundation in many countries and regions, which not only provides reference for its development in Hong Kong, but also enhances its competitiveness in the global market. By integrating global resources, Huobi can better respond to market changes and seize development opportunities.

Under the leadership of Justin Sun, Huobi's future development is full of infinite possibilities. His vision is not only to hope that Huobi can be successfully listed in Hong Kong, but also to take this opportunity to promote the progress of the entire industry. He believes that only on the basis of compliance can real value creation be achieved and better services can be provided to users.

Looking to the future, Huobi's success will not only bring rich returns to itself, but also have a positive impact on the entire cryptocurrency industry. As more and more exchanges join the ranks of compliance, the standardized development of the entire industry will become possible. This will not only enhance the trust of users, but also lay a solid foundation for the long-term and healthy development of the industry.

In short, Sun Yuchen's prediction that Huobi will obtain a Hong Kong Stock Exchange license within six months has undoubtedly brought new hope and motivation to the industry. In this rapidly changing market, only by continuous innovation and active compliance can we be invincible. With the continuous development of Huobi, we have reason to believe that the future of the cryptocurrency industry will be brighter. As Sun Yuchen said, the future belongs to those companies that can keep up with the pace of the times, dare to explore, and dare to innovate. Huobi's success will set a new benchmark for the entire industry and inspire more companies to keep moving forward on the road of standardization.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: The Hong Kong Securities and Futures Commission announced that the licensing system for virtual asset service providers (VASPs) has officially been implemented on June 1 this year. Virtual asset trading platforms that have been operating in Hong Kong before June 1 need to submit license applications from February 29, 2024, and can obtain a one-year "transitional arrangement" time to continue operating in Hong Kong before May 31, 2024, provided that they do not violate the provisions of the transitional arrangement.

(Huobi) announced last Friday (5/26) that it will officially launch Huobi
HK, embracing Hong Kong's new cryptocurrency policy. In the future, Hong Kong users can trade mainstream cryptocurrencies such as BTC, ETH, TRX, HT... through HuobiHK.

Sun Ge: Huobi will get Hong Kong license as early as the end of the year

Today (3), Tron founder Justin Sun, who is now Huobi's global advisor, revealed in an interview with CoinDesk that Huobi Hong Kong had submitted an application for a VASP license last week, which includes an 18-month "grace period" during which the Hong Kong Securities Regulatory Commission can approve or reject the application. But he sees the possibility that Huobi Hong Kong can obtain a license as early as the end of the year.

"Now we predict that we may obtain a license in the next 6 to 12 months."

He added that although it is not clear whether other cryptocurrency exchanges are applying for Hong Kong's VASP license, he said that there may be 5 to 6 exchange operators who will take action, including OKX, Gate.io, Bitget and ByBit.

Hong Kong compliance is a precursor to the relaxation of China's crypto ban

In fact, as early as January 30 this year, Justin Sun announced on Twitter that he had moved to Hong Kong to make early arrangements, because experts predicted that China would dominate the next round of crypto bull market, and he also made a bold statement that Tron and Huobi would lead the development of Hong Kong.

Later, Huobi moved its headquarters from Singapore to Hong Kong. In an interview in April, Sun Ge explained the reason for the relocation of the headquarters. He believes that Hong Kong has an urgent need at this stage because the whole of China needs to increase economic growth, and they may be more hungry than Singapore.

He is also optimistic that Hong Kong's move towards compliance this time has the opportunity to become the door to China's relaxation of the encryption ban.

"Whether China will agree to cryptocurrency compliance in the future, Hong Kong will be an important door. Hong Kong's development plays a decisive role in China's relaxation of cryptocurrency."