Huobi has dropped the "Global" in its name and set up plans to expand globally, focusing on Southeast Asia and the Caribbean, as it looks to be part of the top three digital asset exchanges worldwide.
Global exchange Huobi will still maintain a presence in Seychelles but plans to relocate at least 200 employees to the new Caribbean headquarters.
Hong Kong-listed Huobi Technologies wants to change its name to “New Huo Technology Holdings Limited” for a fresh corporate image, with voting set for October 13.
South Korea's Busan aims to revive its ailing blockchain ecosystem under a new partnership with Huobi, who is setting its sights on cementing its name as a prominent digital asset exchange in the country.
Huobi describes itself as the only entity licensed to operate a trading platform for both retail and professional investors, although the exchange hasn't set an official launch date yet.
Huobi also axed Verge and DASH “in compliance with the latest financial regulations” at a time when several regulators have cracked down on anonymity.
Digital currency exchange Huobi Global faces new regulatory hurdle as it attempts to iron out lapses in its operation in Malaysia after being put under the Investor Alert list over its alleged lack of permit.
On August 23, Huobi will cease the intake of users with New Zealand KYC and IP addresses and stop allowing New Zealanders to open new derivatives positions.
The exchange received the license from the Australian Transaction Reports and Analysis Centre just weeks after securing similar nods in New Zealand and Dubai.
Huobi Global said that the application is in keeping with Hong Kong's new Anti-Money Laundering and Counter-Terrorist Financing Bill that will come into force in 2023.
Huobi obtained a money business service license but has yet to attain the money transmitter license, which would allow it to offer digital asset exchange services.