Huobi And SBI’s ‘In-Depth Cooperation’
Huobi, since China’s fiat exchange, ban has been actively looking to expand its international activities. It has now announced that it will develop “digital assets and financial services in Asia” via the partnership with the SBI Group.
An accompanying press release from Thursday explains:
In addition to setting up two subsidiaries, Huobi and SBI will flexibly mobilize technologies, knowledge, and personnel to jointly develop digital asset-related businesses in Japan and the rest of Asia through mutual complementarity and strength.
Bitcoin-Friendly Japan Outshines Neighbors
The exchange adds:
A regulatory schism is meanwhile carving a growing gap between Japan and its neighbors regarding cryptocurrency, with both China and, more recently, South Korea taking a hard-line attitude towards how citizens can legally interact with it.
A package of regulatory announcements from Korea’s Financial Services Commission this week served to ban Bitcoin futures trading, something which Japan conversely has said it will launch “as soon as possible” once relevant amendments are made to securities laws.
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