{"id":197758,"date":"2021-03-09T18:02:27","date_gmt":"2021-03-09T15:02:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/huobi-and-seychelles-regulators-cant-agree-on-where-the-exchange-is-registered\/"},"modified":"2021-03-09T18:02:27","modified_gmt":"2021-03-09T15:02:27","slug":"huobi-and-seychelles-regulators-cant-agree-on-where-the-exchange-is-registered","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/huobi-and-seychelles-regulators-cant-agree-on-where-the-exchange-is-registered\/","title":{"rendered":"# Huobi and Seychelles regulators can\u2019t agree on where the exchange is registered"},"content":{"rendered":"

“# Huobi and Seychelles regulators can\u2019t agree on where the exchange is registered <\/strong>”
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Disclaimer: This article’s headline was updated to reflect new information regarding the FSA’s statement.\u00a0<\/em><\/p>\n

Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in the Seychelles.<\/p>\n

On Monday, the Seychelles Financial Services Authority, or FSA, posted an official statement<\/a> saying that Huobi Global Limited is not registered in the country, despite being the International Business Company publicly affiliated with Huobi.com’s crypto services.<\/p>\n

The FSA stated that Huobi Global Limited does not hold any license issued by the regulator to undertake in virtual asset trading. \u201cTherefore, the entity is not being regulated by the FSA nor has it been in the past,\u201d they said. The authority went on to urge investors and the general<\/a> public to be alert in respect to services offered by Huobi Global Limited as well as \u201cany other company providing such services.\u201d<\/p>\n

Speaking to Cointelegraph, a Huobi spokesperson denied the FSA’s announcement, saying, \u201cHuobi Global Limited is registered in Seychelles and operates with a global structure, serving users in many countries around the world adapting to local laws and regulatory rules.\u201d <\/p>\n

The spokesperson added, \u201cWe are currently in a good communication with FSA to clarify the situation and understood the alert will be retracted soon.\u201d<\/p>\n

According to the user agreement<\/a> on the official Huobi Global website, Huobi Global Limited is a company incorporated in the Republic of Seychelles under the laws of the Republic of Seychelles.\u00a0<\/p>\n

The official Huobi website significantly relies on Seychelles\u2019 laws as part of its terms of service, including multiple mentions of the jurisdiction in its legal statement<\/a>. \u201cThis Website is intended to provide professional, safe and trustworthy digital-assets transaction and asset management services […] without violating relevant laws and regulations of the Republic of Seychelles,\u201d the statement reads.<\/p>\n