
Huobi applies for trading license in Hong Kong ahead of upcoming regulations
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 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.
In this "Ask Me Anything" episode of the CoinGeek Weekly Livestream, Kurt revealed the developments of the Florida Citadel, Kleiman v Wright lawsuit appeals, and BSV market performance.
The former Huobi manager is accused of setting up an account, approved a $20 million credit line to himself, and then started trading against Huobi, netting $5 million in profits.
Huobi has obtained a license in Dubai but is yet to secure approval to provide digital asset trading services, in addition to its new license in New Zealand.
The digital currency exchange said it has been trying to reach clients to withdraw their funds since September, and they will still be able to contact the Thailand subsidiary for withdrawals after the deadline.
The general counsel and chief of staff for the BSV Blockchain Association explains why the Huobi Japan listing is monumental and why the future is looking bright for BSV.
Huobi's announcement and Bankman-Fried's prediction are a few weeks old now, and today Huobi's BSV launch is landing smack in the middle of one of the digital asset industry's worst price crashes.
With BSV token now available in Japan, blockchain communities in Japan and supporters around the world can now further promote the enterprise-scale functionalities and real-world utility of the BSV blockchain.
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.