The Huobi Group has received a license to operate from the Dubai International Financial Center (DIFC) and has also been registered with the New Zealand Financial Services Provider Registry (FSPR).
The owners of the crypto exchange called both events important stages in the development of the group as an international provider of cryptocurrency services. The DIFC Innovation License is issued to technology companies, granting them access to Dubai’s technology infrastructure. Companies have the opportunity to develop their business in accordance with international standards for the protection of intellectual property rights.
The FSPR registration also represents an important step for Huobi to expand its cryptocurrency business in New Zealand. Before offering services to local traders, trading platforms must be registered. Now the exchange will be able to legally provide local residents with services for the sale, transfer and exchange of digital assets.
“Huobi attaches great importance to compliance with regulatory requirements worldwide. The acquisition of two new licenses not only marks a major milestone in our international expansion, but also proves our determination to provide users with secure and regulated services,” said Huobi Group CFO Lily Zhang.
Last year, Huobi Japan received permission from the Japanese Financial Services Agency (FSA) to trade and manage cryptocurrency derivatives. In autumn, the exchange received a license from the Gibraltar Financial Services Commission (FSC) to conduct spot trading and other cryptocurrency operations.
However, most recently, the Ministry of Finance of Thailand revoked Huobi’s license to operate the site in the country, justifying this with numerous violations and non-compliance with the requirements of the Securities and Exchange Commission (SEC) of Thailand.
