Recently, there have been frequent reports of domestic exchanges expanding their overseas presence.
Sina FinanceSina FinanceAccording to the report, Li Lin, CEO of Huobi Group, said that the Huobi Korea station will be officially launched in the near future. The Korean station will provide Korean users with compliant Korean won digital asset trading services, and pre-registration is currently accepted.
On the previous 24 days,Huobi Official WeChatThe blog announced that Huobi US (HBUS) has completed the registration of the MSB license under the guidance of the US regulatory agency, which means that HBUS can carry out currency transactions in most states of the United States.
Looking back on October 31 last year, after Huobi China announced the suspension of digital currency transactions, founder Li Lin posted on the official websiteannouncementannouncementAmong them, in addition to the Huobi Global Professional Station (Huobi Pro), the five major business layouts, Huobi Korea and Huobi US seem to have made a lot of progress this month.
On the same day that Huobi announced the completion of registration in the United States,OKEx Official WeChatIt also followed closely, claiming that OKEx completed the MSB registration in fincen as early as last year. The tone of the latter seems to be arguing, but for the exchanges that have moved overseas due to the impact of the domestic ICO ban, the war to snatch the territory of various countries has already begun, and in this arms race, digital asset trading licenses have entered overseas markets. Everyone is well aware of the truth that whoever has more licenses will take the initiative.
Binance clearly understands this.
On March 23, the official website of the Japanese Financial Services Agency issued an announcement, claiming to issue a warning to Binance for providing digital currency trading services without a license, requesting to stop operating in Japan because it is not registered locally. Just this week, Binance has moved its headquarters to Malta, which has always been friendly to cryptocurrency businesses and investors.
For Binance, which left Japan in September last year and started quickly, it is a bit of a pity to lose Japan, which occupies half of the global digital currency market, and transfer to Malta.
Compared with bitFlyer, the largest digital currency exchange in Japan, domestic exchanges such as Huobi, Binance, and OKEx also appear to be slow on the road to overseas legalization. In February of this year, the Japanese exchange bitFlyer has obtained the operating license of the Illinois state of the United States. So far, the company has obtained operating licenses from 44 US state governments and other overseas regions.
With the tightening of global digital currency regulation, digital currency trading licenses have gradually become the consensus of all countries. according to21st Century Business HeraldSaid that the Hong Kong Securities Regulatory Commission has asked a number of unlicensed virtual currency exchanges to remove securities virtual currencies. The French market regulator AMF stated that it will issue a warning to those encrypted digital asset suppliers that do not have a license, and blacklist some encrypted digital asset trading service providers that do not have a license.
The digital currency trading license has become a rigid requirement. For many domestic exchanges, this is a battle that cannot be relaxed.
