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Huobi Is Registered as Crypto Currency Exchange in Australia

Huobi Is Registered as Crypto Currency Exchange in Australia

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One day, another crypto exchange will be registered to offer its services to people around the world.

Huobi, a Seychelles crypto exchange founded in 2013, has been registered as an exchange service provider in Australia.

On July 29, the company launched Twitter share news of being approved by the Australian Transaction Reports and Analysis Center (AUSTRAC). provide trading services in this country.

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Official AUSTRAC documents state that once registered, the company will be able to offer exchange services. These services mainly include converting fiat money to digital currencies and converting digital currency to fiat money.

Huobi has actively expanded its horizons. The company already operates e.g South Korea and Japan. Moreover, it is recently received provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA).

This approval gives the company the right to act as a virtual service provider until their license applications are approved. In addition, Huobi is listed in New Zealand’s Financial Services Provider Register (FSPR), which enables services to be offered in this country as well.

Over the past month, regulatory bodies around the world have actively registered various crypto exchanges as virtual asset service providers. For example, at the end of July Crypto.com expanded to Cyprus, Mercado Bitcoin began operations in Mexico and Coinbase received permission to offer its services in Italy.

Gile K. - cryptanalyst

by Gile K. – Crypto Analyst, BitDegree


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