The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline.

Hong Kong crypto license, crypto exchange withdrawals, SFC, Huobi HK, IBTCEX, QuanXLab, digital yuan pilot, HKMARead More

You might also be interested in reading Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels.