Cryptocurrency exchange Huobi has confirmed the information that appeared earlier on the network that it received a DLT license in Gibraltar. The company now intends to use the opportunities that have opened up to it to launch a global marketplace targeted at both individual and institutional clients..
“The new license will allow Huobi to store and transfer digital assets on behalf of its customers around the world “, – said in a press release of the company.
“With the Gibraltar DLT license, we will be able to open a fully regulated exchange to global institutional and retail clients, so this is a major achievement for Huobi and a very positive step for our global strategy,” said Lester Haoda Li, Huobi’s head of institutional business development. – It’s no secret that we believe that a well-developed regulatory environment is a key factor for the future of the cryptocurrency industry. Among other advantages, a DLT license will allow us to open doors to a large number of institutional investors, who previously could not or did not want to participate in an unregulated space “.
The company notes that it was one of the first to receive a license to provide services in the industry. distributed technology registry of the Gibraltar authorities, which, in turn, were the first to create the appropriate regulatory framework.
Huobi’s license will also allow it to simplify the process of exchanging fiat for cryptocurrencies and vice versa, while making it more efficient. “We will launch an over-the-counter service to begin with, but we will not stop there,” added Lee. “We plan to give our clients the advantages of a comprehensive solution, the implementation of which would be impossible in any other conditions”.
It is expected that the above plans will be implemented in the first half Of 2019.
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