cryptoknowmics.com
Huobi Group receives permission to run a cryptocurrency exchange in the British Virgin Islands (BVI). The BVI Financial Services Commission (FSC) granted the authorization, and Huobi subsidiary Brtuomi Worldwide Limited (BWL) received it. The BVI FSC gave BWL permission to participate in the BVI Regulatory Sandbox on April 16, 2021. BWL is also a registered investment business. https://twitter.com/HuobiGlobal/status/1568185753582313472
Huobi Focusing On Worldwide Presence
Huobi recently disclosed that it had registered as an Australian supplier of digital currency trading services. The Chinese-based Huobi Group has been concentrating on its worldwide strategy since the government outlawed cryptocurrency trading and compelled exchange companies to find new locations. A Huobi Global affiliate obtained a money transfer license in the US in July, enabling operations for foreign exchange and money transfers throughout the country. According to Huobi, BVI complies with FATF regulations about "virtual assets" and related goods. The business noted that the endorsement of virtual asset service providers by BVI regulators is a sign of the development made in that jurisdiction.
Huobi's 600 Digital Assets Trading Offers
Huobi Group has formed regulated businesses in nations and areas like Japan and Gibraltar. The exchange is "dedicated to integrity, innovation, and cooperation in the crypto market." Top-20 cryptocurrency exchange Huobi offers trading in around 600 different digital assets. Huobi, a Chinese company founded in 2013, is registered in the cryptocurrency-friendly Seychelles and has offices worldwide.