Huobi Group has been approved to operate a licensed crypto-asset exchange in the British Virgin Islands.
Countries attract companies with their positive regulations for the crypto sector. Companies that want to expand their operations abroad, on the other hand, take advantage of the advantageous situation and sail to new markets. Huobi has also been approved to operate an exchange in the British Virgin Islands, where crypto adoption is high.
Huobi Group Gets Approval to Operate Crypto Exchange
Huobi announced that on behalf of its subsidiary Brtuomi Wordwide Limited (BWL), it has received approval from the Financial Services Commission of the British Virgin Islands (FSC) to operate a licensed crypto-asset exchange.
Huobi’s post on Twitter states that BWL will become the first BVI-licensed Digital Asset Trading Platform Operator to operate an institutional-grade virtual asset trading platform for both professional and retail investors, after meeting all the conditions.
👏BIG News!👏
🔥#Huobi Group has received approval to operate a licensed virtual assets exchange in the British Virgin Islands, making us the first to operate an #institutional-grade virtual assets trading platform in the territory. https://t.co/00sVdQovCV pic.twitter.com/Smi51I1uQM
— HTX (@HTX_Global) September 9, 2022
Lily Zhang, CFO of Huobi Group, said:
“This landmark approval makes Huobi the first licensed digital asset exchange for institutional-grade derivatives in the British Virgin Islands. This is a testament to our experience, professional knowledge and track record in the global cryptocurrency industry.”
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