Cointelegraph.comCryptocurrenciesCryptocurrency ExchangeGovernmentHuobi

Huobi isn’t registered for crypto trading in Seychelles, local regulators say

The major crypto exchange has long claimed registration in the famous offshoring haven.
Despite long claiming to be compliant with local laws, Huobi seems to have forgotten to register as a company, according to authorities in the Seychelles.On Monday, the Seychelles Financial Services Authority, or FSA, posted an official statement saying that Huobi Global Limited is not registered in the country, despite being the International Business Company publicly affiliated with Huobi.com’s crypto services.The FSA stated that Huobi Global Limited does not hold any license issued by the regulator to undertake in virtual asset trading. “Therefore, the entity is not being regulated by the FSA nor has it been in the past,” they said. The authority went on to urge investors and the general public to be alert in respect to services offered by Huobi Global Limited as well as “any other company providing such services.”Speaking to Cointelegraph, a Huobi spokesperson denied the FSA’s announcement, saying, “Huobi Global Limited is registered in Seychelles and operates with a global structure, serving users in many countries around the world adapting to local laws and regulatory rules.” The spokesperson had not provided a more detailed response as of press time, nor any proof of registration.According to the user agreement on the official Huobi Global website, Huobi Global Limited is a company incorporated in the Republic of Seychelles under the laws of the Republic of Seychelles. The official Huobi website significantly relies on Seychelles’ laws as part of its terms …
Story continues on Cointelegraph

Related posts
ArtCointelegraph.comInvestmentsNFTNon-fungible TokenTechnologyValue

OpenSea collector 'pulls the rug' on NFTs to highlight arbitrary value

The most expensive single NFT ever sold went for $6.6 million in February. A crypto artist known as neitherconfirm recently listed 26 non-fungible tokens, or NFTs, for sale on OpenSea’s digital marketplace. Things took an unexpected turn earlier today, however, after the…
Cointelegraph.comHedera HashgraphMarketsPrice analysisTerraVeChain

Top movers review: Terra (LUNA), VeChain (VET) and Hedera Hashgraph

Enterprise-level adoptions and new partnerships continue to drive the price of Terra, VeChain and Hedera Hashgraph higher. While Bitcoin (BTC) and major altcoins tend to garner most of the attention from investors, there are several projects that aim to bring…
BusinessCointelegraph.comCryptocurrency ExchangeGeminiSportwinkelvoss twins

Gemini crypto exchange sponsoring the Oxford-Cambridge boat race

“We are thrilled to be combining two of our greatest passions — rowing and crypto — with our sponsorship of this historic event,” said the Winklevoss twins. Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency exchange and former olympian…