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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

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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