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George Ma
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Crypto
April 25 16:19

Huobi Token approved in Japan and recognised it as an exchange token

Huobi Token will be the 26th digital currency and 1st among exchange tokens approved by FSA 
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Financial Services Agency of Japan (FSA) has authorized trading of Huobi Global Bitcoin Exchange own token on its platform and identified it as a regulatory-compliant asset.

Huobi Token will be the 26th digital currency and 1st among exchange tokens approved by FSA regulator. HT trading starts next month.
Company managed to get a positive verdict before law amendments, which will come into force on May 1st and tighten local cryptocurrency legislation.
Huobi Global's subsidiary in Japan started operations at the end of 2018, acquiring its seventh license from country's Ministry of Finance. In addition to 6 digital assets, the platform also offers the opportunity to exchange cryptocurrencies to Japanese yen.
Huobi Token was launched in January 2018 and allowed its holders to reduce trading commissions by 50%. In March, native token also began to be used on the Huobi Chain testnet, which focuses on services in the field of decentralized finance (DeFi).