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Crypto Exchange Huobi Now Able to Operate in Australia
Huobi has received a registration with the Australian Transaction Reports and Analysis Centre.
Seychelles-based crypto exchange Huobi is now able to offer trading services in Australia after successfully registering with the Australian Transaction Reports and Analysis Centre (AUSTRAC), according to a tweet from the company.
BIG NEWS!👏
— Huobi (@HuobiGlobal) July 29, 2022
🇦🇺 We are proud to announce that #Huobi Group has registered as a digital currency #exchange provider with the #Australian Transaction Reports and Analysis Centre (@AUSTRAC), a steady and solid step into the market.
Let's push #crypto forward together! pic.twitter.com/5oLWr9qfV8
STORY CONTINUES BELOW
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- Huobi also recently received a license to operate in New Zealand.
- Huobi has continued to expand its global footprint, most recently acquiring Latin American crypto-exchange Bitex to boost its presence in that region. The company is also planning to return to the U.S.
- The exchange may cut its global workforce by more than 30% in the wake of China’s ban on crypto trading, according to China-based crypto-journalist Colin Wu.
- Huobi did not immediately respond to a request for additional comment.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
