After September 12th, users will no longer be able to add funds to their coin’s wallet. Tornado Cash, an Ethereum-based mixing service, was recently sanctioned. On September 6, the cryptocurrency exchange Huobi said it will no longer trade Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC),
The 1.2% taxation process is expected to start functioning from Sept 20th. Major exchanges like Binance, Kucoin, and Huobi have expressed support. Terra Classic’s (LUNC) new features of 1.2% tax burn and distribution of v22 update, proposals named 3568 and 4195 respectively are the talk of the town currently. The
The SC clarified in a subsequent tweet that its authorization is necessary. Huobi has been expanding into other markets, including Australia and the United States. On Monday, the Malaysian Securities Commission (SC) published a statement on Huobi’s activities in the country. The SC has placed the cryptocurrency exchange on its
In order to sell his majority ownership in the cryptocurrency exchange for a price between $2 billion and $3 billion, Huobi Group co-founder Leon Li is in discussions with a group of investors, according to a Bloomberg report. Sam Bankman-Fried, founder of FTX, and Justin Sun, founder of Tron, are
The Australian Transaction Reports and Analysis Centre (AUSTRAC) granted approval. Huobi will be looking forward to concentrating on OTC services the most. The Huobi global exchange has received complete authorization to operate in Australia and supply its services. The Australian Transaction Reports and Analysis Centre (AUSTRAC) granted Huobi, one of
VARA has already awarded OKX a provisional license before approving Huobi. Huobi believes a regional headquarters for the exchange may be established in Dubai. The Dubai Virtual Assets Regulatory Authority (VARA) has awarded provisional approval to Huobi, according to a statement from the business. Huobi’s virtual asset exchange products and
Huobi had to remove its Chinese customers by the end of December last year. Huobi has secured additional licenses in New Zealand and the United Arab Emirates. Huobi Global, one of the world’s leading cryptocurrency exchange, is considering laying off more than 30 percent of its workers, according to crypto-journalist
The Thai Securities and Exchanges Commission (SEC) announced to Shut down Huobi’s crypto services in Thailand. From July 1st 2022, Huobi will permanently close its crypto units as its license is canceled by the SEC. Earlier in May, The Thai SEC invalidated Huboi’s legal license. As the exchange failed to
Since 2021, BTC has successfully maintained the $29,000 price level. Each halving has consistently resulted in a surge in Bitcoin’s value. According to Huobi’s co-founder, Bitcoin’s next Bull Run may not occur until late 2024 or early 2025. When speaking with CNBC, Du Jun cautioned that BTC’s halving cycle is
The business intends to provide high-quality digital assets. The FSA has set up a team of specialists to assist with crypto regulation. Huobi Japan, approved to register as a Type 1 financial instrument company by the Financial Service Agency of Japan. With this permission, Huobi Japan may trade cryptocurrency derivatives
