Huobi Group obtains license in Dubai and registration on New Zealand’s FSPR

Huobi Group obtains license in Dubai and registration on New Zealand’s FSPR

The DIFC Innovation License is a license for innovative technology companies in Dubai and provides benefits such as access to a thriving tech ecosystem and preferential treatment for technology research and developments, capital repatriation, and taxes.

Published: Fri 17 Jun 2022, 8:29 PM Last updated: Fri 17 Jun 2022, 8:32 PM

Huobi Group, one of the world’s leading financial services provider specialising in cryptocurrency and its related products, on Friday obtained both a DIFC Innovation License in Dubai and registration on New Zealand's Financial Services Provider Register (FSPR). Both of these developments represent significant milestones in the group’s compliant growth.

The DIFC Innovation License is a license for innovative technology companies in Dubai and provides benefits such as access to a thriving tech ecosystem and preferential treatment for technology research and developments, capital repatriation, and taxes.

The registration on New Zealand's Financial Services Provider Register (FSPR) represents Huobi Group’s first step towards expanding its cryptocurrency trading business in the country, as all exchanges have to register on the platform before offering services to local users. With the registration, Huobi Group will be able to operate a regulated foreign currency exchange and money or value transfer services in New Zealand, which supports crypto OTC trading