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Huobi Launches Crypto Trading App In Russia Despite Strict Regulations In The Nation
Summary: Huobi has launched its mobile crypto trading app in Russia allowing users to access the service through both iOS and Android, as reported AMBCrypto. The new launch comes months after Russia announced regulations banning citizens from using crypto assets as a payment method while still allowing crypto-related businesses to operate in the nation. Vice President ...
Huobi has launched its mobile crypto trading app in Russia allowing users to access the service through both iOS and Android, as reported AMBCrypto.
The new launch comes months after Russia announced regulations banning citizens from using crypto assets as a payment method while still allowing crypto-related businesses to operate in the nation. Vice President of Global Markets at Huobi Group, Ciara Sun emphasized in a statement that the company is dedicated to providing crypto services to Russia.
Despite Russia's stricter crypto regulations, the nation ranks second in global adoption of cryptocurrencies in Eastern Europe, a report from Chainanalysis shows. The same report revealed that Huobi sends 8% of total funds sent out to Eastern Europe clocking in at upwards of $5 billion.
By Emily Mason
Tags: Crypto Trading,Huobi,Regulation,Russia
Link: Huobi Launches Crypto Trading App In Russia Despite Strict Regulations In The Nation [Copy]
