Huobi’s Japanese subsidiary received approval from the local Financial Services Agency to offer crypto derivatives, according to a Thursday press release. Huobi Japan is one of seven exchanges in the country to have successfully registered with the regulators as a Type I financial instruments business. To register, firms must have stated capital and net assets … Read moreHuobi Japan Gets Regulators’ Go-Ahead to Offer Derivatives
Prompted by China’s recent declaration that crypto transactions have become illegal in the country, two key exchanges with Chinese roots have put forward their plans to terminate users from mainland China. Huobi and Kucoin cite compliance as the main factor behind their plans. Kucoin notes in a message to affected users (in Chinese) that … Read moreHuobi, Kucoin Confirm Dates to Retire Mainland China Users from Platforms
China’s largest cryptocurrency exchange, Huobi, has finally given up on finding ways of retaining operations in the country. This decision was made known by the company’s co-founder, Du Jun who clarified that after several attempts, Huobi has given up on negotiations with regulators on the subject. In the past, we had been communicating with regulators … Read moreHuobi Leaves China Without Any Intention to Return
