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Licensed subsidiary of Huobi in Canada

Hbit Technologies, a subsidiary of bitcoin exchange Huobi, has received a license. FINTRAC Providing financial services in Canada.

Hbit is part of the brokerage division of Huobi Tech Brokerage.

licensed MSB The company can conduct foreign exchange and digital asset transactions regulated in the country.

Huobi noted the rapid development of the cryptocurrency market in North America. The company added that the region occupies an important place in the industry’s “global environment” and demonstrates leadership in regulatory matters.

According to a press release, Huobi’s subsidiary Huobi obtained an MSB license from FinCEN in the US a few weeks ago and has now continued to expand its business across the continent.

According to the announcement, Huobi Tech was launched in early 2022. Over-the-counter trading volume through the division has exceeded $800 million since launch.

Huobi Tech has always prioritized the concepts of “security” and “compliance” in its growth process. Huobi Tech will continue to expand its international digital asset business in the future.”

Recall that in June Huobi received permission to operate in New Zealand and provisional approval from the Dubai Virtual Assets Regulatory Authority.

Since November 2021, one of the exchange’s subsidiaries has licensed the spot trading of cryptocurrencies in Gibraltar.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.

Source: Fork Log

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