Huobi Global is trailing the same footprints as its counterparts as it filed its application to be registered as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
This registration, if approved, will allow the trading platform to grant recognition in the country. As such, it can conduct a limited number of transactions, including forex and crypto-related transactions. While awaiting the full license approval that will make it offer a full crypto exchange service in the country, it will make do with the clearance it has for now.
The Forex transaction permit will enable the exchange to trade in the Australian dollar, foreign currencies, and cryptocurrencies.
The Australian crypto registration and licensing pursuits trail the exchange’s push into Dubai after winning the MVP provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA). At the same time, it awaits licensing from the country also. Huobi also has a...
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