Like BitMEX “moved” to the Seychelles, بننس to Malta, and FTX to the Bahamas, China’s gigantic crypto exchange Huobi is “moving” to island tax haven Gibraltar.
Gibraltar Financial Services Commission (GFSC) recently approved Huobi Group’s application to begin transferring its spot trading operations to its affiliate, Huobi Technology (Gibraltar) Co.
This will enable Huobi Group to continue offering spot trading services to the world through Huobi Gibraltar, an exchange registered with the GFSC.
اس میں رہائی دبائیں, Huobi Group said it was relocating operations to Gibraltar to meet the demand of “institutional clients, many of whom require strict compliance with regulatory requirements,” our emphasis.
Huobi Group is old, at least in terms of the کرپٹو space. It was founded in 2013 and has کی بنیاد پر its headquarters in China ever since.
تاہم چینی حکومت recently banned many domestic crypto operations to clear the way for the launch of its مرکزی بینک ڈیجیٹل کرنسی (CBDC) in February 2022.
In response, Huobi’s founders and investors ووٹ دیا unanimously to suspend operations in China and relocate.
Huobi co-founder Du Jun said that the Chinese ban لاگت آئے the exchange 30% of its revenue.
Since China’s ban, Huobi still دعوے to process more than $16 billion in 24-hour average trading volume, possibly driven by Bitcoin’s حال ہی میں rally to all-time highs.
Huobi needs European currency
“We are very comfortable in Asia, and we are the leader here, but … we need to go global,” said Jun to the Financial Times.
So, Huobi has ramped up efforts to grow its international operations, including targeting large investors in Europe and the US.
On October 22, Huobi announced that users could buy crypto with a Visa or Mastercard credit card issued in the European Economic Area with only a 1% fee.
On November 4, it متعارف a curiously generous Tether-based (USDT) coupon. Exclusive to European residents depositing EUR, GBP, or USDT into a Huobi Earn account, the coupon adds a staggering 50% APY to new deposits below certain thresholds.
This indicates Huobi could be struggling with Euro-centric liquidity in the aftermath of China’s crackdown.
Huobi generates the vast majority of its revenue from operations at its centralized exchange. It did previously واپس decentralized exchange CoFix in a funding round led by Coinbase Ventures.
The push into decentralized exchanges may be Huobi’s way of justifying its claims of not needing a headquarters (and distract regulators).
Crypto exchanges are fleeing to tax havens
In 2018, Binance allegedly منتقل ہوگیا its headquarters to Malta in pursuit of the European market. Chief exec Changpeng Zhao claimed to have formed a banking relationship in Malta.
Regulatory crackdowns in Japan and China sparked Binance’s move.
The Malta Financial Services Authority (MFSA) then issued several statements denying that Binance was licensed to operate in the Mediterranean tax haven.
FTX بھی recently moved from Hong Kong to the Bahamas. Like Huobi Group, FTX chief سیم بینک مین فرائیڈ visited and briefly attended press appearances espousing the benefits of the island nation.
In reality, the move was a necessary flight from Xi Jinping’s encroachment into Hong Kong.
BitMEX, which has operated substantially all of its business from California, similarly “moved” to the Seychelles in 2014.
مزید پڑھ: [ٹیدر پیپرز: یہ بالکل وہی ہے جس نے اب تک جاری کردہ تمام USDT کا 70% حاصل کیا۔]
In 2019, BitMEX had to معطل trading in countries that hosted offices belonging to its parent company, HDR Global Trading Limited (the Seychelles, Hong Kong, and Bermuda).
This was because the US Commodities and Futures Trading Commission کمپنی پر مقدمہ کیا and its founders, who were also charged with crimes امریکی محکمہ انصاف کے ذریعہ۔
پر ہمارے ساتھ چلیے ٹویٹر مزید باخبر کرپٹو خبروں کے لیے۔
Source: https://protos.com/huobi-crypto-exchange-moves-tax-haven-gibraltar/
- 2019
- اکاؤنٹ
- ملحق
- تمام
- مبینہ طور پر
- کا اعلان کیا ہے
- رقم کی غیرقانونی ترسیل کے مخالف
- درخواست
- رقبہ
- ایشیا
- بان
- بینک
- بینکنگ
- برمودہ
- ارب
- بائنس
- BitMEX
- بلومبرگ
- کاروبار
- خرید
- کیلی فورنیا
- سی بی ڈی
- CFTC
- Changpeng
- Changpeng زو
- بوجھ
- چیف
- چین
- چینی
- CNBC
- شریک بانی
- Coinbase کے
- سکے بیس وینچرز
- کمیشن
- Commodities
- کمپنی کے
- تعمیل
- جاری
- ممالک
- کریڈٹ
- کریڈٹ کارڈ
- کرپٹو
- کرپٹو ایکسچینج
- کرپٹو نیوز
- cryptocurrency
- مہذب
- وکندریقرت تبادلہ
- ڈیمانڈ
- محکمہ انصاف
- مشتق
- مشتق تجارت
- DID
- ڈیجیٹل
- کارفرما
- اقتصادی
- یورپ
- یورپی
- ایکسچینج
- تبادلے
- خصوصی
- مالی
- مالیاتی خدمات
- فنانشل ٹائمز
- پرواز
- بانیوں
- FTX
- فنڈنگ
- فیوچرز
- جبرالٹر
- گلوبل
- گوگل
- حکومت
- گروپ
- بڑھائیں
- ایچ ڈی آر گلوبل ٹریڈنگ
- یہاں
- ہانگ کانگ
- HTTPS
- Huobi
- غیر قانونی طور پر
- سمیت
- بین الاقوامی سطح پر
- سرمایہ
- IT
- جاپان
- جسٹس
- بڑے
- شروع
- قیادت
- لمیٹڈ
- لیکویڈیٹی
- اکثریت
- مالٹا
- مالٹا مالیاتی خدمات اتھارٹی
- مارکیٹ
- ماسٹر
- ایم ایف ایس اے۔
- منتقل
- خبر
- کی پیشکش
- کام
- آپریشنز
- مالکان
- پلیٹ فارم
- پریس
- ریلی
- حقیقت
- ریگولیٹرز
- ریگولیٹری
- جواب
- آمدنی
- سروسز
- خلا
- کمرشل
- ٹیکس
- ٹیکنالوجی
- فنانشل ٹائمز
- دنیا
- ٹریڈنگ
- us
- USDT
- صارفین
- وینچرز
- ویزا
- حجم
- ڈبلیو
- دنیا