Huobi plans return to the US after ceasing operations in 2019
Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019 Huobi Group, the company behind major global crypto exchange Huobi, is apparently planning to return to the United States with a new license secured from local regulators.After ceasing operations in the U.S. in late 2019, Huobi seems to be interested in opening a trust company business in the country. Trusts are companies tasked with managing assets for a group of owners or investors. Grayscale's trusts use this structure to offer cryptocurrency exposure within traditional markets.According....
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Crypto exchange platform, Huobi is winding down its operations in Thailand, according to the statement by the platform. This closure is due on the 1st of July, 2022. The whole process of closing down somehow got aggravated after Huobi got into some trouble with the local watchdog earlier last year when it was found to […]
Huobi’s operations in Thailand have been suspended by local authorities after it allegedly failed to comply with local regulations. Thailand’s Securities and Exchange Commission has temporarily suspended the services of the local branch of crypto exchange Houbi and recommended revoking its operating license with the Ministry of Finance. With the suspension in place, Huobi has been given three months to return all assets to its clients.Huobi, which is branded as DSDack in Thailand, received the suspension order after failing to comply with local regulations related to its operations and....
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Huobi Tech, a fund manager in Hong Kong has plans to introduce a cryptocurrency tracking exchange-traded fund (ETF), especially for retail investors. This move comes after the city released its recent guidelines for the sale of virtual assets, there was a relaxation concerning retail ownership of foreign ETFs. Due to the relaxation, Huobi Tech furthered […]
Following the continuous crackdown from regulators across the globe, many crypto exchanges are readjusting their mode of operations. Many brokers have had to shut down some of their operations in countries that seemed relentless in enforcing crypto limitations against operators. One of the exchanges that are constantly making changes is Huobi Global. Houbi Global previously […]