Huobi Gets Approved as Digital Currency Exchange Provider in Australia

Huobi Gets Approved as Digital Currency Exchange Provider in Australia

Another day, another crypto exchange is registered to give its services to people around the globe. 

Huobi, a Seychelles-based crypto exchange established in 2013, has been registered as an exchange service provider in Australia

On July 29th, the company took to Twitter to share the news about receiving the approval of the Australian Transaction Reports and Analysis Centre (AUSTRAC) to offer trading services in this country. 

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The official AUSTRAC documents note that, after the registration, the company will be able to provide exchange services. These services mainly include the conversion of fiat money to digital currencies and digital currency conversion to fiat money

Huobi has been actively expanding its horizons. The company is already functioning in countries like South Korea and Japan. Moreover, it has recently received provisional approval from Dubai Virtual Assets Regulatory Authority (VARA)

This approval will give the rights for the company to function as a virtual service provider until their license application will be approved. Moreover, Huobi has been listed in New Zealand's Financial Services Provider Register (FSPR), which also allows offering its services in this country. 

In the past month, regulatory institutions around the globe have been actively registering different crypto exchanges as virtual asset service providers. For example, at the end of July, Crypto.com expanded to Cyprus, Mercado Bitcoin started operating in Mexico and Coinbase got approval to provide its services in Italy

Aaron S. - Expert Reviewer

by Aaron S. - Expert Reviewer, BitDegree


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