Huobi Tech Acquires MSB License in Canada For Global Expansion

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) granted Huobi Technology Holdings Limited’s subsidiary, Hbit Technologies Limited, a Money Services Business (MSB) Registration License. It is yet another crucial step in Huobi Tech’s expansion of its compliance program and internationalization of business. 📣#HuobiTech is pleased to announce today that our subsidiary, Hbit Technologies Limited, has successfully obtained MSB Registration License from the FINTRAC of #Canada. 🚀 Read more⬇️https://t.co/U7qYRuIOvx pic.twitter.com/IeyfFNXBP1 — Huobi Technology Holdings Limited (@HuobiTech) August 23, 2022 Hbit Technologies Limited The brokerage business segment of Huobi Tech includes Hbit Technologies Limited. Huobi Tech Brokerage is now authorized to carry out regulated activities in Canada, including dealing in virtual currencies, money transfers, and foreign exchange. The compliance footprint of Huobi Tech in North America is developing. Two months ago, FinCEN in the US granted its subsidiary a Money Services Business (MSB) registration license. North America is increasing significantly in the global Bitcoin market. From July 2020 to June 2021, North America’s monthly cryptocurrency transaction volumes increased by more than 1,000%, according to Chainalysis’ “The 2021 Geography of Cryptocurrency Report.” North America is also advancing the fastest and maintaining its worldwide lead in regulation. Huobi Tech B...