Huobi Japan Among 17 Crypto Exchanges Granted New Licenses By FSA

Asia Japan Regulations
Singapore-based cryptocurrency exchange Huobi Group, following its recent merger with BitTrade, has announced that Huobi Japan has relaunched as a fully regulated exchange under the auspices of Japan’s Financial Services Agency

Singapore-based cryptocurrency exchange Huobi Group, following its recent merger with BitTrade, has announced that Huobi Japan has relaunched as a fully regulated exchange under the auspices of Japan’s Financial Services Agency.

Singapore-based cryptocurrency exchange Huobi Group, following its recent merger with BitTrade, has announced that Huobi Japan has relaunched as a fully regulated exchange under the auspices of Japan’s Financial Services Agency (FSA).

“This is an important milestone for us… firstly, because the Japanese market is a very important one to us, and secondly, because working with regulators is a longstanding priority for Huobi Group. We’re proud to say that Huobi Japan now has one of the first 17 licenses issued under the FSA’s ground-breaking regulatory regime,” said Huobi Group Founder and CEO Leon Li.

“We are extremely pleased to once again be offering our services to the Japanese trading public,” said Huobi Japan CEO Haiteng Chen.

“We’re looking to continue to grow our presence here while offering top-notch digital asset trading services in Japan,” he added.

Huobi Japan currently offers Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Monacoin (MONA). According to a press release announcing the granting of the licence, the Huobi Japan exchange features a specialized distributed architecture, a Distributed Denial of Service (DDoS) attack countermeasures system and an A+ ranked SSL certification (the highest available).

To promote its relaunch, Huobi Japan is offering zero transaction fees on both crypto and fiat currency for a limited time. It will also provide Japanese-language cryptocurrency news and educational content via its official Twitter account, as well as industry and market news generated by Huobi Research, Huobi Group’s research division.

.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

Leave a Comment

Coinlaw Newsletter

Whether you are a law firm, founder gearing-up for a token offering, or a crypto currency trader, subscribe to the biggest crypto legal newsletter to be informed of the latest developments in each and every jurisdiction