UK-based crypto firms must now adhere to the Financial Action Task Force's Travel Rule, a global initiative to enforce anti-money laundering and counter-terrorist financing measures on blockchain transactions.
Huobi Trust Appoints Former Homeland Security Agent and Financial Crimes Veteran Robert Whitaker as COO prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Huobi Trust Appoints Former Homeland Security Agent and Financial Crimes Veteran Robert Whitaker as COO prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Huobi Gets Nevada License, Plans To Return To US
Last Updated: 23 December 2020
Top crypto exchange Huobi Group is planning to return to the US market after suddenly leaving in 2019. Based on its Tuesday filing with the Hong Kong Stock Exchange, the exchange said the Nevada Financial Institutions Division has also approved a trust license for the subsidiary Huobi Trust Company.
With the license, the company can offer compliance and custodial services in the U.S. market from 2021. It will coincide with the exchange’s plan to toll out regulated financial products and services in the US.
A trust company manages the assets of a group of investors. An example is the Grayscale trusts, which use the structure to provide crypto exposure within the traditional market.