Crypto competition heats up in Hong Kong with Bybit and HKVAEX license bids
Cryptocurrency exchange Bybit has officially submitted a license application to the Hong Kong Securities and Futures Commission (SFC) to operate as a “virtual asset trading platform.” This move comes as part of Bybit’s strategic expansion into the Asian market, leveraging Hong Kong’s favorable regulatory environment for crypto-related businesses. Bybit’s license application in Hong Kong The…