Cryptocurrency exchange Huobi has not received a license to operate in the Seychelles. This is stated in the warning of the Financial Services Authority of the Republic (FSA).
The regulator pointed to a link between Huobi Global Limited and Seychelles-based Huobi Global. This information is published on the website of the trading platform, which also contains links to local legislation.
“The aforementioned company does not have an FSA license to conduct this type of activity. Consequently, the organization is not regulated by the FSA and has not been regulated in the past, ”the statement said.
The authorities urged investors to exercise caution with Huobi’s services.
In 2018, the platform received a DLT license in Gibraltar. In December 2020, the government of the US state of Nevada authorized a subsidiary of Huobi to provide trust services.
Recall that in February 2020, the financial regulator of Malta announced that the Bitcoin exchange Binance had no license to operate in the jurisdiction.