Australia licenses crypto exchange Huobi

Crypto exchange Huobi has registered as a digital currency exchange provider in Australia.

Huobi will begin offering fiat to cryptocurrency trading services in Australia upon registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1.

Huobi initially indicated it would focus on providing OTC services after receiving its registration.

Huobi has also being licensed in New Zealand and the United Arab Emirates in June 2022.

Huobi was forced to relocate to Gibraltar in late 2021 following the latest Chinese crackdown on cryptocurrency use in the country.