The Hong Kong Securities and Futures Commission has received license applications for cryptocurrency trading from 22 companies.

BlockBeats news reported on March 1st that the Hong Kong Securities and Futures Commission's official website showed that it has received cryptocurrency trading license applications from 22 cryptocurrency companies, including OKX, Bybit, Bullish, Crypto.com, Huobi HK, and Matrixport HK. It was reported that HKVAEX, a cryptocurrency platform associated with Binance, has also submitted an application. Since the launch of the licensing system last year, Hong Kong has issued licenses to two platforms, HashKey and OSL. The Securities and Futures Commission of Hong Kong stated on its website that cryptocurrency platforms operating in Hong Kong that have not submitted license applications will need to cease operations by the end of March.