Suche
Mein Konto
Huobi Thailand has its license revoked and plans to exit in July
Huobi's Thai arm has had its operating license revoked and will cease operations in the country by July 1 Users are urged to withdraw or transfer their digital assets from the platform before the final date Asia-based crypto exchange Huobi said on Thursday that its Thai arm will cease operations after the country's financial regulator decided to revoke its license. Huobi Thailand is no longer an authorized digital asset exchange after the Thai Securities and Exchange Commission (SEC) board made its decision, Huobi said in a statement on its website. The …
Huobi Thailand has its license revoked and plans to exit in July
- Dem thailändischen Zweig von Huobi wurde die Betriebslizenz entzogen und er wird den Betrieb im Land bis zum 1. Juli einstellen
- Benutzer werden dringend gebeten, ihre digitalen Assets vor dem endgültigen Datum von der Plattform abzuheben oder zu übertragen
Asia-based crypto exchange Huobi said on Thursday that its Thai arm would cease operations after the country's financial regulator decided to revoke its license.
Huobi Thailand will no longer be an authorized digital asset exchange after the Thai Securities and Exchange Commission (SEC) board made its decision, Huobi said in a Statement on his website.
The Thai company will not be affiliated with or legally bound to the Huobi Group and customers are urged to withdraw their digital assets before the closure date of July 1st.
In one Statement On Wednesday, Thailand's SEC said Huobi had failed to meet its obligations under the country's regulation of digital assets following a grace period given to the exchange to address its regulatory deficiencies.
Some of its concerns, the SEC said, relate to how Huobi Thailand failed to correct its systems and personnel in accordance with relevant announcements and rules set by the regulator in May.
The company's operations were suspended in September by the SEC for the same reasons following an investigation by the regulator in March 2021.
Huobi Thailand had held a digital asset trading license issued by the Thai Ministry of Finance when it began operating in the kingdom more than two years ago.
Thai users were able to purchase four Thai baht-denominated cryptos as of February 2020, including Bitcoin, Ether, Huobi Token and Tether.
. .
The post Huobi Thailand gets license revoked, plans to exit in July is not financial advice.