Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator – Exchanges Bitcoin News | Huobi – Virtual
The approval gives Huobi ’s United Arab Emirates (UAE)-based entity the authority to offer ‘a full suite of virtual asset exchange products and services.’ virtualassets cryptoexchange
The approval enables Houbi to offer its suite of virtual asset exchange products and services to ‘pre-qualified investors.’
Meanwhile, in a, the crypto exchange said it will be targeting so-called professional investors. Concerning spot and over-the-counter (OTC) trading services, Huobi said these will be extended “to a limited subset of pre-qualified investors and professional financial service providers.”
Establishment of Regional HeadquartersHuobi also suggested that getting the provisional license paves the way for the establishment of the exchange’s regional headquarters in Dubai. In remarks following the granting of the provisional license, Huobi Group CFO Lily Zhang said:
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to Binance, FTX, and Coinmena.1 hour ago Traders Withdraw $3.XRP is a security, and you think it is, and I think it is, why are these crypto exchanges not in violation of law? He continued: “And, is it enough that the crypto exchanges have said, ‘well having committed tens of thousands of violations in the past, we promise not to do anymore in the future.59 seconds ago Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.
Meanwhile, in a , the crypto exchange said it will be targeting so-called professional investors. Concerning spot and over-the-counter (OTC) trading services, Huobi said these will be extended “to a limited subset of pre-qualified investors and professional financial service providers. First off, the network’s native token ether saw a significant spike in value and secondly, Ethereum’s hashrate has dropped 18.” Establishment of Regional Headquarters Huobi also suggested that getting the provisional license paves the way for the establishment of the exchange’s regional headquarters in Dubai.” Sherman responded: It’s easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions with XRP . In remarks following the granting of the provisional license, Huobi Group CFO Lily Zhang said: The Dubai Government is committed to turning the Emirate into a global hub for the future digital economy and being at the forefront of financial innovation. Data also shows that the number of ethereum stored on exchanges has seen a massive drop, as roughly 25. Huobi is optimistic about the city’s potential and the future opportunities it offers.” Coinbase Insists It Does Not List Crypto Asset Securities The U.
Zhang added that her organization is looking to work to “foster growth of the virtual asset industry there.77 million worth close to $35 billion. They know it’s illegal because they stopped doing it, even though it was profitable.” Besides the license from VARA, Huobi said in the statement that it has also obtained licenses in other regions such as South Korea, Japan, and Gibraltar. Tags in this story .com News.
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