Crypto news

Huobi allowed to work in Australia

Chinese cryptocurrency exchange Huobi has almost completed plans to expand to all continents, having received permission to operate in Australia.

Local financial regulators have registered one of the leading cryptocurrency platforms, Huobi Group, as a provider of digital currency exchange services. The Australian Transaction Reports and Analysis Center (AUSTRAC) allowed the country’s citizens to use the Huobi Global platform to buy and sell digital assets in the local currency.

“We have always considered security and regulatory compliance to be our priorities because we believe that only in accordance with this principle can we grow with the industry by providing professional and safe services to our users,” said Chief Financial Officer Lily Zhang.

During the calendar year, the cryptocurrency exchange has been approved in countries such as Japan, Hong Kong, South Korea and the United States. In November 2021, the company moved its spot trading operations to Gibraltar because of favorable conditions there. The company said that Gibraltar is a recognized center of international financial services and meets the needs of Huobi.

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