Huobi Group, one of the world’s leading digital asset service providers, has completed its registration with the Australian Transaction Reports and Analysis Centre as a digital currency exchange provider (AUSTRAC). This is the company’s first step toward offering digital currency exchange services in the country. It is also the most recent compliance milestone in the global expansion of Huobi Group.
After successfully registering with AUSTRAC, Huobi Global can provide the following services: money (Australian or foreign currency) for digital currency and digital currency for money (Australian or foreign currency). After receiving the registration status this time, Huobi Global primarily intends to provide OTC services.
Huobi Group CFO Lily Zhang said: “We have always made security and compliance our highest priorities, as we believe that only under this principle can we grow alongside the industry to provide professional and secure services to our users.”
Huobi Has Come a Long Way
Huobi Group, one of the first digital asset exchanges to offer cryptocurrency trading globally, has been working toward compliant growth since 2017. As a result, Huobi Group is currently licensed in many countries and regions for cryptocurrency-related services, including South Korea, Japan, and Gibraltar.
Only a week ago, the Dubai Virtual Assets Regulatory Authority (VARA) granted Huobi Group MVP provisional approval while it applied for a license per VARA requirements. As a result, Huobi Investment FZE, Huobi’s UAE-based entity, will be able to offer a full suite of virtual asset exchange products and services within the parameters set by VARA’s specialized “test-adapt-scale” model, thanks to the license.
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Huobi Group received the DIFC license for innovative technology companies in Dubai in late June. It was listed on New Zealand’s Financial Services Provider Register (FSPR) in the same month, allowing it to operate a regulated foreign currency exchange, money or value transfer services, and crypto OTC trading services in the country.
“We are encouraged by the increasing number of licenses and registrations we have received around the world, which demonstrates our commitment to compliant growth.” “We intend to capitalize on this momentum to propel our global expansion,” Zhang added.