Huobi to leave Bitcoin industry

One of the ex-world largest cryptocurrency exchange reported about the withdrawal from the industry
31 October 2017   1275

The Chinese currency exchange Huobi, which some time ago had a rather significant part of the global trading volume of crypto currency, announced the withdrawal from the industry.

The founder of the exchange, Leon Lee, said that Huobi plans to reformat as a "provider of information and research services in the field of blockchain." The main direction of the company's activities will be directed to the Chinese market.

I believe that this is not only a milestone for Huobi, but also a watershed in the history of Chinese digital assets and even a memorable day in the development of global digital assets. In the past, Huobi brand in China, has been a significant symbol in the industry of digital assets. In the future. Huobi team will continue to actively and globally participate in the development of the industry.

Leon Lee
Founder, Huobi

Thus, Tuesday, October 31, will be the last day of Huobi's presence in the Chinese market of crypto-currency trading. 

Rumors that the international unit of the exchange called Huobi Pro may soon launch p2p-trading at this stage are not confirmed.

Japan May Initiate Unscheduled Exchage Check

An anonymous source told the investigation of the authorities affected the Fisco and Huobi Japan due to the alleged structural changes in the management
23 April 2019   102

The Financial Services Agency of Japan (FSA) has begun an unscheduled check of two local crypto exchange for their customer protection standards and legal compliance. It is reported by the Cointelegraph, citing Reuters Japan.

An anonymous source told reporters that the investigation of the authorities affected the Fisco and Huobi Japan exchanges. Apparently, the regulator paid close attention to these platforms due to the alleged structural changes in the management of the companies.

Note, at the end of last year, the Bitcoin exchange operator Zaif transferred the business to the investment company Fisco after the platform was hacked in the fall.

According to an anonymous informant, the FSA was also interested in anti-money laundering measures taken by the exchanges. During the test, the regulator considered them insufficient.

In February, the National Police Agency of Japan reported that money laundering with the help of cryptocurrencies increased 10 times in the country.