The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is a subsidiary of the digital currency exchange platform, Huobi.
The License Essence
According to the Seychelles-based crypto exchange platform, Huobi, the essence of the license is to create a base for cryptocurrency business dealings. It plans to carry out these business transactions in the US sometime in the future. The company stated this on Tuesday, the 5th of July. This is considered an aspect of its specific objectives to become more accommodating and globally interconnected.