Huobi awarded with Gibraltar DLT license

Posted 07 December, 2018

One of the leading crypto exchange – Huobi – confirmed the rumours about DLT license in Gibraltar during the recent conference held in London. At the event, the company commented on its the received license as well as shared more details about the planned regulated trading platform for digital coins.

"Our Gibraltar DLT license will allow us to open a fully-regulated exchange for our Global Institutional clients and retail clients alike, so this is a big win for Huobi and a very positive step forward for our global strategy," noted company representative from Huobi's London office in the press release.

The company added that they stick to the position that well-developed regulation would be the good drivers for further development of the crypto sector. With this license, Huobi will be able to expand their client base, as they may attract those institutional investors who used to refrain from dealing with the unregulated atmosphere. 

Among other fruits, DLT license "opens up exciting possibilities for simplified and efficient fiat-to-crypto and crypto-to-fiat functionality that provides a welcome alternative to OTC services," according to the press release.

Notably, Huobi is among the first companies be awarded DLT license in Gibraltar, with the local authority bringing the first legal framework in this area.  As a result, the company will be able to make fiat-to-crypto exchange simpler as well as a more effective process.

"Our intention is to give our clients advantages and a comprehensive 'one stop shop' that was just not possible under the old paradigm," added Huobi spokesperson.

Previous story

07 December, 2018 14:25

← United American Corp files lawsuit against number of crypto companies citing manipulations in BCH network

US-based United American Corp (UnitedCorp) reportedly filed a lawsuit against Kraken, Bitmain, Bitcoin.com, Rodger Ver and other individuals citing that they took part in the plan aimed at capturing control over BCH network. The company has released the statement at its website saying that the above-mentioned parties are involved with the observed collapse of Bitcoin Cash market capitalization. They are said to study own interests ignoring other players. UnitedCorp requires the court to ban the mentioned parties from carrying on activities that could harm Bitcoin Cash network. It also plans to receive a compensation for the losses, which will be determined by the court.

United American Corp files lawsuit against number of crypto companies citing manipulations in BCH network

Next story

07 December, 2018 11:03

Bitcoin-ETF application to get SEC determination in February 2019 →

The US Securities and Exchange Commission announced on December 6 that the determination of the bitcoin-ETF application filed by VanEck, SoldX and CBOE will last till late February 2019 meaning that it may use all the time allowed by the law. it has collected more than 1,600 comments on the proposed rule revision as of December 6. VanEck lodged the application in June, while later in August SEC decided to extend the period of its consideration. Meanwhile, in September, the commission asked the public to file the comments on this application.

Bitcoin-ETF application to get SEC determination in February 2019
Write a comment
 
Prove you’re not a bot + 17 = 36