Huobi Pro, one of the world’s largest cryptocurrency exchanges, announced the suspension of trading operations to investors residing in Japan.
According to the message exchange and provide exchange services for virtual currencies to residents of Japan platform shall suspend in accordance with the laws of the country. From July 2, the exchange will delete the Japanese version of its home page and will suspend the provision of trade services, said the report, which was received by the investors.
Additional information, including the plans for the withdrawal of assets of Japanese users, the exchange promises to provide later.
The exchange did not disclose information on “legal” reasons for leaving with one of the largest cryptocurrency markets, but we know that Huobi Pro not yet received a license from the Agency for financial services authority (FSA) of Japan. Only 16 of operating in the country kryptomere licensed by the regulator.
Tightening this year, the FSA requirements to the participants of the cryptocurrency market have already led to the exit of the American stock exchange Kraken. In addition, two local exchange has closed on its own, and work FSHO stopped in its decision the regulator.
Earlier this month about temporary suspension of operations in Japan, announced another major crypto currency exchange — HitBTC. In turn, the us Coinbase has announced plans to enter the Japanese market.
Recall that Huobi Pro via a joint venture with SBI Holdings, SBI Virtual Currencies — also participates in the recently launched Japanese crypto currency exchange VCTRADE.