• Huobi not regulated Seychelles
    Cryptocurrencies,  Regulation

    Where in the world is Huobi?

    The Seychelles financial regulator warned that a company that ‘appears to be affiliated’ with crypto exchange Huobi Global is not licensed in its jurisdiction

    The regulator then said it “hereby informs the public that the aforementioned IBC does not hold any license issued by the FSA to undertake such type of activity” and “is not being regulated by the FSA nor has it been in the past.”

  • Huobi purchase Bitflyer bithumb
    Politics,  Regulation

    Is China’s top crypto exchange Huobi looking to acquire South Korea’s and Japan’s top exchanges?

    A reporter suggests that Huobi is willing to acquire Japan’s largest exchange Bitflyer and Korea’s largest exchange Bithumb, but an investigation has put the deals on hold

    The acquisition of the two competitors would make Huobi one of the most powerful firms in crypto, considering that according to CoinMarketCap data Huobi is already the second most liquid cryptocurrency spot exchange. Bitflyer, on the other hand, is the seventh, and Bithumb the fifth.