Huob toi Register With FinCEN on the Eve of US Launch

For the first time, Huobi announced plans to open am office in the US in early February
26 March 2018   1241

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.
 

Li Lin
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.

Huobi to Release Cheap Smartphone

The main feature of the device, created together with Whole Network startup is build-in cryptocurrency wallet
04 September 2019   971

Huobi Global Cryptocurrency Exchange in partnership with Whole Network startup introduced a blockchain smartphone with a built-in cryptocurrency wallet. A device called Acute Angle is already available to some users from China, but the actual release is scheduled for next week, according to the website of the exchange.

Acute Angle
Acute Angle

In addition to the built-in wallet, the Android smartphone is equipped with a push-notification function for trading transactions. In addition, a cold wallet plugin can be added to the device separately.

Acute Angle is much cheaper than other blockchain smartphones - its price is $ 515, while, for example, a Finney device from Sirin Labs costs about $ 1,000. Acute Angle can also be purchased for native tokens of the Huobi exchange.

“We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.”

We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.
 

Livio Weng 
CEO, Huobi Global

By the end of 2019, the smartphone should appear in the markets of Southeast Asia, and in the future the company plans to enter the US and EU markets.