The American branch of the Huobi currency exchange has registered in the US Financial Crimes Network as a "financial services provider", CoinDesk reports.
For the first time, Huobi, the world's largest Chinese site, announced plans to open a representative office in the US in early February.
Subsequently, Li Lin, CEO and founder of Huobi Group, confirmed that the company intends to launch a crypto-exchange platform aimed primarily at American investors and operating separately from Huobi Pro.
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.
CEO and founder, Huobi Group
At the same time, Lee added that the only registration in the US financial department does not solve all the potential difficulties with regulators in the US.
Earlier SBI Holdings, a financial services unit of the Japanese SBI Group, refused to partner with the Chinese currency exchange Huobi, within the framework of which it was planned to open two new trading platforms in Japan - Huobi Japan and SBI Virtual Currency.