Exchanges, Malaysia, Huobi, CoinFlash

There’s now an additional cryptocurrency exchange serving the Malaysian market, after a new Huobi-linked platform announced its launch Friday.

  • Huobi Labuan said in an emailed press release that it aims to provide users in the nation with a “safe and regulated” platform for trading cryptocurrencies.
  • The exchange received a digital asset trading brokerage service license from “Malaysian authorities” in September for a nine-month trial period of operation, according to the release.
  • Under the license, Huobi Labuan is permitted to provide spot and derivatives trading services in Malaysia.
  • The exchange will initially support over a dozen different crypto assets including bitcoin, ether, EOS and Huobi’s own HT token. After the trial period, more cryptocurrencies can be added.
  • The exchange has been set up as a “local operating partner” of Huobi Cloud – a scheme allowing “vetted partners” to launch exchanges leveraging Huobi’s trading technology and digital asset infrastructure.
  • CoinDesk reached out for further details on which authorities precisely provided the license and who the partner entity is, but did not immediately hear back.
  • Huobi Global is the world’s second largest spot exchange, according to CoinMarketCap.
Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]

Xem chi tiết: Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers […]

Xem chi tiết: Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract

Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as […]

Xem chi tiết: More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

Xem chi tiết: Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services

On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended its cloud-mining operations and other crypto services to customers in mainland China. Rumors of China and Bitcoin’s […]

Xem chi tiết: Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services

Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations have also abandoned the country on Monday. Btc.top and Hashcow have suspended […]

Xem chi tiết: Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft

A new law draft approved just today by the Finance Commission of the Spanish Congress would make Spain-based custody services report the ownership of the cryptocurrencies under management. The law, which was stuck in Congress for some time, aims to close a gap in the legislation that allowed some users to bypass the requirements and […]

Xem chi tiết: Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft

Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations have also abandoned the country on Monday. Btc.top and Hashcow have suspended […]

Xem chi tiết: Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

South Korean Police Officers Banned From Buying Cryptocurrency