US expansion for Huobi a step closer after it secures a FinCEN license
It says users in the United States can expect digital asset services to come in the future. A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).The Seychelles based Huobi said on July 5 that the license creates a foundation for it to carry out crypto-related business in the U.S. in the future, as part of its strategic goals of “globalization and compliance”. The exchange is a major player, with more than $1 billion in volume in the past 24 hours....
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The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is a subsidiary of the digital currency exchange platform, Huobi. The License Essence According to the Seychelles-based crypto exchange platform, Huobi, the essence […]
Gibraltar-based cryptocurrency exchange Huobi has received the regulatory greenlight to offer its services in Australia. Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country.Cointelegraph has reached out to Huobi to ascertain whether it will be able to offer full exchange services. The company initially indicated it would focus on....
The exchange cited its own token management policy and compliance efforts as primary reasons for delisting seven privacy coins. Cryptocurrency exchange Huobi will delist seven different privacy coins from its platform as regulatory pressure mounts on anonymity-enhanced currencies (AECs).The exchange announced that it had terminated the trading service of a number of privacy tokens including Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN). These tokens will begin to be delisted on Sep. 19, while deposit services were ceased on Sep. 12 in....
Nearly one and a half months ago, the world's largest Bitcoin exchange took a sudden and crushing blow from the United States government when the Department of Homeland Security shut down MtGox's Dwolla account, claiming that MtGox (or, more specifically, its US subsidiary Mutum Sigillum LLC) had been operating as a money transmitter without a license and had falsely said otherwise when applying for their bank account in 2011. Now, the situation appears to have taken a considerable step toward resolution. Today, the exchange has received its money services business (MSB) license from....
A Huobi subsidiary has been given the green light to operate a crypto investment fund by regulators in Hong Kong. Huobi, one of the largest cryptocurrency exchange platforms in China, appears to be pursuing further expansion of its business following the recent regulatory clearance in Hong Kong.According to an official announcement by Huobi Technology Holdings Ltd., the company’s asset management subsidiary has secured approval from the Hong Kong Securities and Futures Commission to launch a cryptocurrency asset management portfolio.The news is a follow-up to Huobi securing “Type 4” and....