Price Now

${{ }}


${{ data.btc.short.price }}


${{ data.btc.long.price }}

Huobi Pro Suspends Serving Japanese Traders

2018-06-27 12:54:44

#Authorities #Exchanges #Investment
Huobi Pro Suspends Serving Japanese Traders

Huobi Pro crypto exchange sent a notification to all Japanese users about suspending the service from July 2. The representatives of the exchange confirmed the message, but did not provide any explanation, including fund withdrawal for Japanese investors.

The most possible reason of such decision is absence of the license issued by Japanese authorities. Let us mention that starting from April, the Japanese FSA revises the rules and procedures for registering crypto exchanges. In the beginning of this year Huobi together with SBI planned to open a regulated crypto exchange in Japan, but in May SBI refused from the deal and launched VCTRADE in June.

According to Alexa, Huobi Pro holds 13% of traffic from Japanese customers. For the moment it is unclear whether the exchange conducts negotiations with Japanese authorities. In March, Binance received and official warning from FSA in connection with providing services to Japanese customers without an official licence.


CoinForecast News

Please enter your email

Latest News

Samsung Accepts Cryptocurrencies in Baltic Countries

Users of CopPay in Tallinn, Riga, Vilnius and Kaunas can pay in cryptocurrency for smartphones, tablets, laptops and other Samsung products. The South...

  1 day ago

Michael Novogratz: Cryptocurrencies still Require Several Years to be Adopted

Former Wall Street top manager and CEO of Galaxy Digital Capital Management Michael Novogratz considers that mass adoption of cryptocurrencies and b...

  2 days ago Registered more than 2.5 Million Wallets in a Year

This week reached an important milestone in its development - for the last year the service registered 2.5 million new crypto wallets. Fro...

  6 days ago

TenX CEO: Bitcoin Can Hit $60000 in 2018

The co-founder and President of the crypto payment startup TenX Julian Hosp says that the price of Bitcoin can hit $60,000 in 2018. He told this on t...

  1 week ago

What Bitcoin Needs to Become Bullish Again?

Bitcoin cannot exceed the $6000 level for long time. The recent drop on July 10th returned the price of Bitcoin to this year's minimum. With this cont...

  2 weeks ago