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Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) granted Huobi Technology Holdings Limited's subsidiary, Hbit Technologies Limited, a Money Services Business (MSB) Registration License. It is yet another crucial step in Huobi Tech's expansion of its compliance program and internationalization of business. https://twitter.com/HuobiTech/status/1561917944824598529
Hbit Technologies Limited
The brokerage business segment of Huobi Tech includes Hbit Technologies Limited. Huobi Tech Brokerage is now authorized to carry out regulated activities in Canada, including dealing in virtual currencies, money transfers, and foreign exchange. The compliance footprint of Huobi Tech in North America is developing. Two months ago, FinCEN in the US granted its subsidiary a Money Services Business (MSB) registration license. North America is increasing significantly in the global Bitcoin market. From July 2020 to June 2021, North America's monthly cryptocurrency transaction volumes increased by more than 1,000%, according to Chainalysis' "The 2021 Geography of Cryptocurrency Report." North America is also advancing the fastest and maintaining its worldwide lead in regulation.
Huobi Tech Brokerage
This year's first day of operation saw the debut of the Brokerage. Since then, the company's OTC Desk business has grown significantly, with a total trading volume of more than USD 800 million. Throughout its expansion, Huobi Tech has consistently given the ideas of "safety" and "compliance" top priority. To offer more people excellent and safe digital asset services, the digital asset service platform will continue to grow its worldwide company.