Huobi received permission to work in New Zealand

The authorities of New Zealand have included the bitcoin exchange Huobi in the register of financial services providers.

"Thisrepresents our first step towards expanding the cryptocurrency trading business in the country,” the company said.

According to CoinDesk, once registered on the registry, Huobi will be able to offer its services in New Zealand.

The exchange also announced that it received the so-called"innovation license" in Dubai. It targets startups, entrepreneurs and technology firms to support innovation and business scaling.

In November 2021, Huobi chose Singapore toas a location for headquarters. In the same month, a subsidiary of the company received a license from the Gibraltar regulator to launch spot trading.

Prior to this, the exchange stopped registering newusers in mainland China after another wave of repression against the cryptocurrency industry. According to media reports, Huobi made this decision before the tightening of regulation in China.

In February 2022, the exchange announced a return to the US market after a two-year absence.

In June, operator Huobi announced that it would be shutting down a division in Thailand after the license was revoked by the Ministry of Finance.

Recall that in March, Binance received a license to provide cryptocurrency services in Dubai.

The UAE has issued a similar permit to the Bitcoin exchange FTX.

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