HBIT, a subsidiary of Huobi Tech, has been granted a license for conducting money transfer and foreign exchange operations over the U.S.
The news comes just days after Huobi Technologies subsidiary HBIT acquired a Money Services Business Registration License (MSB).
The U.S. Financial Crimes Enforcement Bureau (FinCEN) provided the grant.
Huobi Tech aims to facilitate and provide digital asset-based services to a widespread user base across the U.S. This announcement brings Huobi Tech closer to that goal.
Huobi Tech is the Hong-Kong-based affiliate of Huobi Group, carrying out its exchange operations under the same.
According to a company statement on July 5: "This is progress in the compliance process of Huobi Technology, creating a good compliance foundation for the company to carry out digital currency-related business in the United States in the future."