Huobi Group receives permission to run a cryptocurrency exchange in the British Virgin Islands (BVI). The BVI Financial Services Commission (<a href="https://www.bvifsc.vg/" target="_blank" rel="nofollow noopener">FSC</a>) 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.

https://twitter.com/HuobiGlobal/status/1568185753582313472
<h2>Huobi Focusing On Worldwide Presence</h2>
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 <a href="https://www.cryptoknowmics.com/news/singapore-tightening-cryptocurrency-trading-by-retail-investors/" target="_blank" rel="noopener">cryptocurrency trading</a> 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.
<h2>Huobi's 600 Digital Assets Trading Offers</h2>
Huobi Group has formed regulated businesses in nations and areas like <a href="https://www.cryptoknowmics.com/news/animoca-brands-japan-raises-us45-million-from-mufg/" target="_blank" rel="noopener">Japan</a> and Gibraltar. The exchange is "dedicated to integrity, innovation, and cooperation in the <a href="https://www.cryptoknowmics.com/news/with-115-million-investors-the-indian-crypto-market-is-growing/" target="_blank" rel="noopener">crypto market</a>." Top-20 cryptocurrency exchange Huobi offers trading in around 600 different digital assets. Huobi, a Chinese company founded in 2013, is registered in the cryptocurrency-friendly Seychelles and has offices worldwide.

Huobi Group Gets British Virgin Islands License for Crypto Exchange

Huobi Group receives permission to run a cryptocurrency exchange in the British Virgin Islands by the BVI Financial Services Commission (FSC).

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Huobi Group Gets British Virgin Islands License for Crypto Exchange

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