Mathisen Marketing

Your Marketing Blog

Huobi Group Obtained a License to Operate in the British Virgin Islands

Huobi Group Obtained a License to Operate in the British Virgin Islands

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

  • Huobi Group expands its Crypto Exchange operations worldwide.
  • Huob’s Thai subsidiary was closed because it could not solve systematic problems.

Huobi Global is one of the world’s leading digital asset exchanges, founded in 2013. Huobi Group is a leading global blockchain company. As part of its expansion, Huobi Global has brought its products and services to digital asset trading, public blockchain, wallets, mining pool, project incubator, digital asset research, etc.

Huobi Group plans to start its crypto exchange operations in the British Virgin Islands after receiving permission from a local financial institution.

On Friday, the Seychelles-registered crypto company said it had received approval from the BVI Financial Services Commission for an application to operate as a crypto exchange in the British Virgin Islands under Brtuomi Worldwide Limited, a local subsidiary regulated by Huobi.

Since April 2022, Brtuomi has been included in two of the Sandbox of fintech regulation established by the FSC, so that companies can try new financial solutions and services.

Huobi was founded specifically because it does not allow foreign crypto exchanges to operate in China.

Earlier in July 2022, the Huobi Global subsidiary received approval for a money transfer license in the United States, which will assist foreign exchange and money transfer operations throughout the United States.

Huobi Group mentioned that its Subsidiary had obtained an “Investment Business License” from the British Overseas Territory. Although Brtuomi did not appear in the list of licensed FSC regulated companies at press time.

In its official announcement, Huobi did not mention its plan to establish a local exchange, but said it is working with regulators “to develop a series of licensed trading products and services.”

Recently, Huob’s Thai subsidiary was shut down after failing to resolve systemic issues even after extensions from local regulators.

On August 16, 2022, Huobi announced that it would stop derivatives trading due to compliance with local regulations. The news comes a few months after it was first licensed to operate in New Zealand.

Latest posts by Ritika Sharma (Show all)

Source: https://www.thecoinrepublic.com/2022/09/10/huobi-group-obtained-a-license-to-operate-in-the-british-virgin-islands/

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • Biden’s anemic crypto framework offered us nothing new

    Biden’s anemic crypto framework offered us nothing new

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The long-awaited cryptocurrency regulatory framework released this month by President Joe Biden’s Treasury Department attempted to outline a plan to manage the growing crypto industry. Unfortunately, the department’s assessment did not contain more content than a simple job description. While […]

    Read More

  • Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

    Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Dan Morehead, head of institutional asset management at Pantera Capital, believes there may be many financial sectors in trouble in the coming years, but the digital asset industry is not among them. Similar to his previous statements, the executive claimed […]

    Read More

  • SudoAMM passes $50 million in trading volume across 90,000 transactions

    SudoAMM passes $50 million in trading volume across 90,000 transactions

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase SudoAMM, a royalty-free NFT trading platform, has reached over $50 million in total trading volume, according to crypto data tracker Dune Analytics. The Automated Market Maker (AMM) also achieved other milestones, crossing over 90,000 transactions, seeing 29,000 users and collecting […]

    Read More