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- Huobi received a permit from the Australian Transaction Reports and Analysis Centre to begin crypto trading in the country.
According to reliable media sources, on August 1, 2022, AUSTRAC (Australian Transaction Reports and Analysis Centre) issued a permit to Huobi, a cryptocurrency exchange platform, to start crypto exchange services in Australia.
As of now, Huobi, a cryptocurrency exchange platform, will be able to offer fiat currencies to cryptocurrency services all across Australia.
In July 2022, Huobi established an American subsidiary, HBIT. The exchange is still looking to widen its horizons and is considering a foray into the American market.
It has a Money Services Business licence and plans to begin exchange services shortly.
According to The Coin, Republic reports of June 2022, the Huobi cryptocurrency exchange platform has received a trading Licence in New Zealand and Dubai.
VARA(Virtual Assets Regulatory Authority) Dubai has issued approval to Huobi to start its initial services related to the cryptocurrency exchange.
Huobi crypto Trading platform failed to obey the local rules and regulations of the Thailand security and exchange commission. Moreover, the authority of Thailand orders Huobi to shut down its services.
According to The Coin Republic, on July 15, 2022, Huobi technology applied for a trading licence in China with SFC (securities and futures commission) Hong- Kong.
Many other Local entities of Huobi will provide a full suite of cryptocurrency exchanges, products, and services. It will work on an adaptive-scale model, the key process to getting licensed.
Huobi technology is globally famous for manufacturing and distributing its electrical products. And now, the company is expanding its foot in the cryptocurrency exchange sector and has acquired a licence for trading in their countries. There are more than six countries in which Huobi technology is functioning.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
