In order to expand its reach beyond its continent of origin, the Huobi cryptocurrency exchange, just after securing full approval from Dubai regulators, has also received a nod from the regulators of Australia.
The report was confirmed in a tweet by the company, according to the tweet, “we are proud to announce that Huobi Group has registered as a digital currency exchange provider” with the Australian regulators, AUSTRAC (Australian Transaction Reports and Analysis Centre).
The citizens of Australia will now be able to buy digital currencies like Bitcoin, Ethereum, and any altcoins available on the exchange.
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Huobi Global Expansion
Being originated from China, the Huobi exchange has relocated abroad due to strict regulations from the Chinese regulators making it less convenient for the company to operate in China, the company now has its headquarters in Seychelles.
Huobi’s continuous quest for global expansion has seen the exchange registered as a legal entity in countries like Japan, South Korea, and Hong Kong.
Last week, Huobi announced that it has secured full regulatory approval from Dubai’s regulators (VARA) which will allow the exchange to provide the digital asset services it offers to residents of the United Arab Emirates.
Recently, the Huobi exchange also received a license to operate as a digital asset service provider in New Zealand.
Huobi to widen its reach to the Latin American region recently acquired crypto exchange Bitex, a Latin American cryptocurrency exchange, the company is also planning to return to the US.
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