Huobi Russia Exchange announced the start of accepting deposits in rubles

Huobi Russia, the Russian division of the Huobi cryptocurrency exchange, announced the start of accepting deposits in rubles, and also about plans to launch a new site for IEO.

At a conference in Moscow, the CEOHuobi Russia Exchange Vladimir Demin said that now users can open deposits in rubles using a bank transfer. Transactions will be carried out through the Uzbek bank InfinBank.

In addition, HBRU CIS is a legal entity,representing Huobi Russia - received approval from the Ministry of Justice of Uzbekistan to conduct operations using digital assets and software in accordance with applicable law.

Demin noted that Uzbekistan is taking active measures to simplify work with cryptocurrency exchanges in the country, including introducing tax incentives.

Huobi Russia also plans to launchHuobi Russia Origin’s own IEO platform, however, the exact launch date is not yet known. Previously, projects wishing to conduct initial public offerings on Huobi could only do this on the Huobi Prime platform, which is managed by Huobi Global.

Huobi Business Development ManagerCloud said that its own internal token will soon appear on the Huobi Russia Origin site, holders of which will be able to take advantage of discounts on trade commissions.

Huobi is expanding rapidly in internationalmarkets. In October, the exchange announced its intention to open a fiat gateway in Turkey to conduct transactions with the Turkish lira and USDT, and in November launched the Huobi Cloud platform in the Middle East to create secure digital asset exchanges.