Cryptocurrency exchange Huobi has passed the registration procedure in the United States as the business of providing money services.
HBUS Inc. was registered on the Network on struggle against financial crimes on March 21, according to the database of the controller of the United States. In January, Huobi announced that it opened an office in San Francisco, which will become a centre for planned to enter the us market.
Li Lin, CEO and founder of Huobi Group, has confirmed plans to launch an American branch in may in WeChat. The new platform is launched especially for U.S. investors, and will be separated from existing platforms Huobi, Huobi Pro.
Chief operating officer Huobi, Robin Zhu said earlier this year that the expansion into the United States is a serious step for the company.
However, Lee admitted in his statement that the registration by the regulatory body of the United States does not address all possible regulatory issues that may arise:
The problem is that currently there is no clear regulatory requirements for cryptocurrency platforms at the Federal level. Other platforms, such as Poloniex, too, and worked as a registered business of providing money services.
Lee also said that, in his opinion, the Commission on securities and stock exchanges of the United States may issue special regulations for cryptocurrency platforms in the United States at any time, adding that Huobi will abide by these rules and regulations.