Huobi Global is following in the footsteps of its competitors. filed Registered with the Australian Trade Reporting and Analysis Center (AUSTRAC) as a digital currency exchange provider.
If this registration is approved, the trading platform can grant approval in that country. As such, you can carry out a limited number of trades, including forex and crypto-related trades. While waiting for full license approval to offer full crypto exchange services in the country, it makes do with the clearances it has so far.
The forex trading license allows the exchange to accept Australian dollars, foreign currencies and Cryptocurrency.
Australia’s pursuit of a crypto registration and license follows the exchange’s foray into Dubai after earning MVP provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA). At the same time, we are also waiting for a license from the state. Huobi also has legally-backed presences in South Korea, Japan and Gibraltar, and extends its regulatory pursuits to New Zealand.
Lilly Zhang, Chief Financial Officer of Huobi Global, said: We are pleased to see the growing number of licenses and registrations received worldwide. This demonstrates our commitment to growth in compliance. We aim to maintain this momentum and drive our global expansion. ”
The increased regulatory support the exchange has enjoyed comes as a compliment compared to countries that have phased it out over the past year. not exist In China, based on the country’s tough stance on cryptocurrencies, Huobi Global also Package sent from Thailand After failing to meet the standards of the Securities and Exchange Commission.
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