The Singapore-based Huobi exchange is in the crypto news today for announcing that its Moscow division will soon start accepting RUB for deposits. As the release notes, users of Huobi Russia would be able to deposit rubles into their wallets via bank transfers.
An event in Moscow showed the exchange asserting that it would soon launch its own token listing service, too. Now, HBRU CIS will be in charge of the transactions processed through a bank in Uzbekistan.
As the CEO of the Huobi exchange in Russia, Vladimir Demin said, HBRU CIS has secured approval from the Uzbekistan Justice Ministry. As such, the country is starting to look like a crypto-friendly nation which encourages people to invest in crypto through tax reduction and other incentives. The exchange will also be working with local institutions such as InfinBank and Demin.
The Moscow division of the Huobi exchange will also develop its own exchange platform along with the creation of the RUB deposits. This would allow it to launch initial exchange offerings (IEOs). The platform enables users to choose a different selection from what the Huobi Prime launchpad grants.
Before this, any project that aimed to launch a new token could only do it through the Huobi Prime. However, the new IEO platform by the Huobi exchange plans to have its own token to launch soon, which will be for the fees linked with their service.
The Chinese branch of the Huobi Group recently announced its membership in the blockchain-based services network (BSN). The Huobi news at the time showed that the Chinese branch managed to reaffirm its relationship with the Chinese government by establishing a Communist Party of China branch in its local blockchain subsidiary named Beijing Lianhuo Information Services LLC.
“The network would be tested in 54 cities across the country as well as Hong Kong and Singapore for projects such as smart city management,” Wenchao Shi, president of China Union pay said.
The Huobi news also show that Huobi Global is meeting regulatory requirements and the exchange is on a good way to ramp up its user base and bring it to new heights.
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