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The Malaysian SC has urged the local investors to immediately cease trading via Huobi Global, withdraw their investments, and close their accounts. A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As a result, the Securities Commission of Malaysia (SC) has ordered the cryptocurrency exchange to immediately cease operations within its jurisdiction. Notably,...

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Huobi, a leading global crypto exchange, announced that it plans to launch a fiat gateway in Turkey. If successful, the platform may increase access to over 250 digital tokens for the local investors.Mohit Davar, Huobi’s EMEA regional president, is convinced that this will prove to be a worthwhile investment. He said that the move has come amidst Turkey’s efforts to set up a clearer legal infrastructure for the cryptocurrency market. Reports show that many people in the country already hold...