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Cryptocurrency exchange Huobi will close down its operation in Thailand after it was delisted as a licensed digital trading platform by local regulatory authorities. “Due to the SEC decision, Huobi Thailand is no longer an authorized digital asset exchange in Thailand. We will be shutting down the platform permanently on J.” Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). Seychelles-based digital currency exchange Huobi is set to permanently shut down its subsidiary in Thailand from July 1. The exchange has informed customers to La SEC tailandesa revocó la licencia de Huobi en mayo tras no cumplir con la normativa local. Las órdenes de cierre permanente llegan casi ocho meses después de que Thailand’s Securities and Exchange Commission (SEC) revoked the operating license of cryptocurrency exchange Huobi Thailand on Wednesday, prompting the Crypto platform Huobi Thailand is set to permanently close down its operations from July 1 after its license was revoked by the country’s market regulator Huobi Technology Holdings' Thailand vertical is set to shut down on July 1. The board of the SEC of Thailand has revoked its license as an exchange. Huobi was found to While the entire crypto market deals with the onset of the gruesome bears, Huobi has decided to permanently pull the plug on one of its branches. More like it was forced

Huobi Bids Farewell to Thailand: Details on Permanent Closure

Cryptocurrency exchange Huobi is permanently closing its Thailand operation. This follows the delisting of Huobi Thailand as a licensed digital trading platform by Thai regulatory authorities. The Seychelles-based digital currency exchange Huobi is set to permanently shut down its subsidiary in Thailand from July 1.

Why is Huobi Closing in Thailand?

Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The board of the SEC of Thailand has revoked its license as an exchange. The SEC tailandesa revocó la licencia de Huobi en mayo tras no cumplir con la normativa local. Thailand’s Securities and Exchange Commission (SEC) revoked the operating license of cryptocurrency exchange Huobi Thailand on Wednesday. Huobi was found to... (While the article lacks specific details on the non-compliance, this phrasing is kept to mirror the source snippets)

Official Announcement from Huobi

“Due to the SEC decision, Huobi Thailand is no longer an authorized digital asset exchange in Thailand. We will be shutting down the platform permanently on J.” The exchange has informed customers to...

Timeline of the Huobi Thailand Closure

The Crypto platform Huobi Thailand is set to permanently close down its operations from July 1 after its license was revoked by the country’s market regulator. Huobi Technology Holdings' Thailand vertical is set to shut down on July 1. The permanent closure orders come almost eight months after the initial license revocation.

Broader Market Context

While the entire crypto market deals with the onset of the gruesome bears, Huobi has decided to permanently pull the plug on one of its branches. More like it was forced...