Huobi Exchange Registered in US

March 27, 2018

American branch of the crypto exchange Huobi has passed registration at FinCEN, a US Treasury Department unit, and got status of “financial services provider”.

Huobi’s plans to enter the American market came to light as early as at the end of January this year when the company announced opening its premises in San-Francisco. As the Huobi Group founder Li Lin clarified in WeChat, independent crypto platform for American investors will be established in May this year.

Li also added, registering at the US institutions does not mean settling all issues arising when working in the country.

"The issue is, currently there is no clear regulatory requirement for crypto-to-crypto trading platforms from the U.S. at the federal level. Other platforms like Poloniex also operate in a similar way with registration as a money service business”, he noted.

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