Cryptocurrency exchange Huobi registered in FinCEN on the eve of the launch in the US

Cryptocurrency exchange Huobi registered in FinCEN on the eve of the launch in the US

By

The American branch of the Huobi cryptocurrency exchange has registered in the US Financial Crimes Network as a “financial services provider”, CoinDesk reports.

For the first time, Huobi, the world’s largest Chinese site, announced plans to open a representative office in the US in early February.

Subsequently, Li Lin, CEO and founder of Huobi Group, confirmed that the company intends to launch a cryptocurrency exchange platform aimed primarily at American investors and operating separately from Huobi Pro.

At the same time, Lee added that the only registration in the US financial department does not solve all the potential difficulties with regulators in the US.

“The problem is that currently in the US at the federal level there are no clear regulatory standards for platforms that operate exclusively with cryptocurrencies. Other sites, including Poloniex, operate in a similar way – having registered as financial services companies,” Lee said.

Leave a Comment

Your email address will not be published.

You may also like

Hot News