The securities regulator had informed Huobi about its breaches in February, noting that the exchange has failed to meet the requirements despite the five-month extension.
The National Securities Market Commission, has issued warning notices against 12 digital currency firms after finding them to be operating without the required registration with local authorities.
The move sees Huobi join fellow digital currency exchange OKEx in closing down its Chinese arm, following the People’s Bank of China ban on ICOs and fiat-to-digital currency trading enacted in 2017.
Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification.
Hong Kong-based Huobi digital currency exchange has been granted a license to offer digital currency services in Nevada via a subsidiary.
Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South Korea after the implementation of new digital currency laws in the country.
Huobi has reassured customers that their assets stored in the platform's wallets were safe, following speculation that Robin Zhu was "under investigation” or had been taken into police custody.
Huobi users in Australia, EU and UK will be allowed to purchase up to $20,000 worth of digital currencies in AUD, EUR or GBP.
Huobi digital currency exchange is rebranding its derivatives market to reflect the growth it has experienced since launch.
The group allegedly used Huobi’s platform to transfer the proceeds of fraud to an overseas bank account via digital currency transactions.
BitBay went offline for 18 hours, blaming a third-party service provider for the outage. It raised suspicion among users that it was covering up an exit scam.