Хуоби ће затворити јединицу на Тајланду након што СЕЦ одузме лиценцу

Crypto exchange Huobi Global’s Thailand unit will be permanently shut down from July 1 as the SEC revoked its license. Moreover, Huobi Thailand will no longer be linked to Huobi Global and its affiliates. The crypto exchange has been trying to reach all customers to withdraw or transfer their holdings.

Huobi Closes Thailand’s Unit As the SEC Revoked Its License

In September 2021, the SEC Thailand asked the Ministry of Finance to revoke the license of Huobi Thailand. The SEC had found problems in the management structure and work system of Huobi Thailand which were not in accordance with the relevant announcements and rules.

Thailand’s Securities and Exchange Commission Board (SEC Board) on June 15 најавила revoking Huobi Thailand’s crypto exchange license after the firm failed to set management and personnel system in accordance with rules and regulations despite several warnings.

Furthermore, Huobi Thailand is currently trying to contact all customers to withdraw their crypto assets. Clients who want to withdraw holdings after the closure of the firm can reach out through email and its Telegram channel. The statement also reads:

“Nevertheless, we are sorry that our journey have come to an end, and we sincerely thank you for your long support.”

In fact, the crypto trading on Huobi Thailand was already suspended by the SEC. Moreover, the SEC asked the crypto exchange to protect customers’ assets until the business license is revoked.

Crypto Adoption and Oversight Grows Side by Side in Thailand

Crypto adoption is rising rapidly in Тајланд as retail and institutional investors show interest in cryptocurrency. With the rise in crypto adoption, government oversight and rules are also picking pace. Recently, the Thai government decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023.

Moreover, the SEC prohibited crypto exchanges in Thailand from listing utility tokens, meme tokens, fan tokens, Non-fungible tokens (NFT), and digital tokens. The SEC allows crypto trading, but also wants to protect the interest of digital asset traders.

Вариндер је технички писац и уредник, технолошки ентузијаста и аналитички мислилац. Фасциниран дисруптивним технологијама, поделио је своје знање о блокчејну, криптовалутама, вештачкој интелигенцији и интернету ствари. Повезан је са индустријом блокчејна и криптовалута већ дужи период и тренутно покрива сва најновија ажурирања и развој у крипто индустрији.

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