Huobi Singapore (mas) : A34gepnryoff5m

November 11, 2021

Crypto exchange Huobi Global will be stopping its services to Singapore-based users and closing all their accounts on March 31 2022. This list is not exhaustive and is based on what was known to MAS at the time of publication.

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The crypto exchange said in a statement on its website that it is doing so to comply with the laws of Singapore.

Huobi singapore (mas). 1 Comment 3 Shares. Huobi didnt present any additional particulars. Adhering to relevant laws.

Manage Your Assets Trade with up to 5X leverage for spot trading. Singaporean users of Huobi must close out all their active positions and withdraw all cryptocurrency assets until March 31 2022. Regrettably this means Huobi Global can no longer offer services to Singapore-based users.

The Investor Alert List provides a list of unregulated persons who based on information received by MAS may have been wrongly perceived as being licensed or regulated by MAS. Huobi applied for digital token payment license. Huobi has advised all Singapore-based Huobi clients to liquidate active positions and withdraw their digital assets by March 31 2022.

Huobi Singapore is registered as Feu International which is named in the Monetary Authority of Singapores MAS list of entities currently exempted from holding a license to provide digital payment token services. According to the news the exchange would gradually phase out Huobi services in Singapore before March. In all 170 crypto businesses including Huobi rivals Coinbase and Kraken have filed for licenses with the MAS.

Huobi Global has a variety of features that make it an ideal place to buy and sell digital assets. Huobi had moved swathes of its staff to the city-state over the summer in preparation for a renewed crackdown in China CoinDesk reported. Huobi has also applied for a digital token payment license under PSA through its local affiliate Feu International according to the Monetary Authority of Singapore MAS website.

Keep hodling on we can get through this together. Dozens of crypto companies have utilized for Singapores Cost Companies Act PSA licenses together with Binances native affiliate. Cryptocurrency Regulation in Singapore.

Huobi Is Established In 2013 With Users From Around The World. SGAG Singapore phase2 heightenedalert COVID19 stayhome cryptocurrency. Huobi is one of many entities to have applied for a digital token payment license under Singapores Payment Services Act.

Huobi Singapore is a subsidiary of FEU International which is owned by Hong Kong-based Huobi Technology. For more on cryptocurrency. Crypto exchange Huobi Global will close the accounts of all Singapore-based users by March 31 2022 to comply with.

May 14 at 217 AM. While Huobi didnt elaborate on the regulation issue fellow crypto exchange Binance previously said that it is limiting service access to Singapore users after getting a. Huobi Global has always been committed to offering digital asset trading services while following all applicable laws.

Cryptocurrency Exchange Huobi Stops Services in Singapore. Secure Storage Client funds are held in dedicated multi-signature. Ad Create Your New Huobi Account With Just A Few Easy Clicks.

Huobi has also applied for a digital token payment license under PSA through its local affiliate Feu International according to the Monetary Authority of Singapore MAS websiteHuobi had moved swathes of its staff to the city-state over the summer in preparation for a renewed crackdown in China CoinDesk reportedFeu International is a wholly-owned subsidiary of Huobi Tech a Hong Kong. According to the Monetary Authority of Singapore MAS website it applied through its local affiliate Feu International a wholly-owned subsidiary of Huobi Tech. The MAS has given the platform a licensing exemption while their application under the Payment Services Act is being reviewed.

The company will also start closing its doors for new customers. Ad Create Your New Huobi Account With Just A Few Easy Clicks. The act came into effect on 28 January 2020.

While the exchange is already a significant player in the blockchain-based digital currency ecosystem the team is. Huobi Is Established In 2013 With Users From Around The World. To comply with the laws of Singapore we will have to include Singapore as a restricted jurisdiction.

The major digital asset exchange Huobi Global revealed it will shut the accounts of all Singapore-based users by March 31 2022. However Huobis move to Brazil may turn out to be a great move in the right direction as Brazilians have since caught the bitcoin fever despite warnings from the government. Huobi Singapore expects to launch a new Huobi Singapore exchange by the end of 2021 pending the necessary regulatory approvals.

We will have to include Singapore as a restricted jurisdiction. Credit Card Payments Buy cryptocurrency with your credit card. Huobi Singapores parent company Huobi Technology is a Hong Kong-listed company separate from Huobi Global.

Huobi has also applied for a digital token payment license under PSA through its local affiliate Feu International according to the Monetary Authority of Singapore MAS website. Huobi Global a cryptocurrency exchange situated in Singapore has stated that it is suspending all services for its Singapore-based consumers just weeks after the platform was forced to shut down its China operations due to a Chinese government crackdown on cryptocurrencies. Speaking of the PS Act MAS implemented it to regulate the cryptocurrency industry in Singapore.

Huobi has additionally utilized for a digital token cost license below PSA by means of its native affiliate Feu Worldwide in response to the Financial Authority of Singapore MAS.

Cryptocurrency Exchange Huobi Stops Services In Singapore