Chinese cryptocurrency exchange Huobi plans to re-enter U.S. market, but with asset management focus

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Several years of tighter crypto regulation in China has given Huobi further impetus to expand into other parts of Asia with Europe and the U.S. next.

Chinese cryptocurrency exchange Huobi is planning to re-enter the U.S. market more than two years after it ceased operations to comply with regulations, one of the company's co-founders told CNBC.

"In 2018, we tried to enter the U.S. market but we quickly withdrew ourselves because we didn't have a strong commitment to the market at that time and we didn't have a good management team in the U.S.," Du said according to a CNBC translation of his comments in Mandarin.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trust nothing coming from China

Uhhhhhh ... Pass

Let’s hope those plans are thwarted…CNBC will try to help them

Rate my naked photos)😘😘😘

Canada Canada Latest News, Canada Canada Headlines