Huobi Group Gets British Virgin Islands License for Crypto Exchange

Huobi Group receives permission to run a cryptocurrency exchange in the British Virgin Islands (BVI). The BVI Financial Services Commission (FSC) granted the authorization, and Huobi subsidiary Brtuomi Worldwide Limited (BWL) received it. The BVI FSC gave BWL permission to participate in the BVI Regulatory Sandbox on April 16, 2021. BWL is also a registered investment business. 👏BIG News!👏 🔥#Huobi Group has received approval to operate a licensed virtual assets exchange in the British Virgin Islands, making us the first to operate an #institutional-grade virtual assets trading platform in the territory. https://t.co/00sVdQovCV pic.twitter.com/Smi51I1uQM — Huobi (@HuobiGlobal) September 9, 2022 Huobi Focusing On Worldwide Presence Huobi recently disclosed that it had registered as an Australian supplier of digital currency trading services. The Chinese-based Huobi Group has been concentrating on its worldwide strategy since the government outlawed cryptocurrency trading and compelled exchange companies to find new locations. A Huobi Global affiliate obtained a money transfer license in the US in July, enabling operations for foreign exchange and money transfers throughout the country. According to Huobi, BVI complies with FATF regulations about “virtual assets” and related goods. The business noted that the endorsement of virtual asset service providers by BVI regulators is a sign of the development made in that jurisdiction...