It seems legalize crypto exchanges in China is not far because Huobi is in Hainan!
It seems that China’s legalization of cryptocurrencies is not impossible. According to sharing from Molly, Head of Marketing of HashKeyhub, the Industry, and information technology department of Hainan is currently assisting businesses operating in the cryptocurrency sector. And nothing is more surprising when Huobi is preparing to work in Hainan.
Just in! Legalize crypto exchanges in China is not far! Industry and information technology department of Hainan posted an announcement says that it supports leading enterprises to building digital currency trading platform . FYI Huobi is in Hainan! pic.twitter.com/9MMNolT7LH
— molly (@molllliy) May 16, 2020
It seems to legalize crypto exchanges in China is not far
In the same way, in the announcement, it also points to the gov. departments who involved in: the Industry and information department, Financial supervision bureau, Market Regulation bureaus, Big data management bureau, Science, and technology department intellectual property offices, etc.
However, according to a user, Huobi was present to create Hainan for over a year, and the Hainan government has been plowing money into Blockchain and crypto custody solutions for longer, not an indication of anything.
Huobi’s been in Hainan for over a year and the Hainan government has been plowing money into blockchain and crypto custody solutions for longer, not really an indication of anything, user said.
However, Molly also said that the above information is not an indication. She just wanted to make it clear that local government support enterprises to build a digital asset trading platform. And digital asset is a popular way to call cryptos, it might not be Huobi, but its fact there has an office in Hainan.
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