๐ฃ Hong Kong's SFC has laid down the law: Crypto exchanges, get licensed or get lost! ๐ 22 exchanges applied, but many withdrew their applications last minute. Big names like OKX and Huobi HK have exited the scene. Gate.HK, needing a "major overhaul"๐ง, has paused operations and delisted tokens like BTC, ETH, SOL, and MATIC. But don't worry, they plan to bounce back after securing the necessary licenses. As of May 31, 18 exchanges are still in the running for a license. Will they make it? Stay tuned and check the official list to keep your crypto game strong! ๐ช Thoughts? ๐ค