Huobi Launches Australian Unit With Fiat SupportCryptocurrency exchange Huobi launched its new Australian-focused trading platform this Thursday with support for 10 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Power Ledger, Aelf, Cortex, DATA and IOST.

Huobi Exchange Launches Australian Branch With Fiat Support

Stock exchange cryptocurrencies Huobi this Thursday launched your new a trading platform targeted at Australian traders with support for 10 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Power Ledger, Aelf, Cortex, DATA and IOST.



All presented cryptocurrencies are traded in pairs against the Australian dollar. It is not planned to sell pairs of "cryptocurrency-cryptocurrency" type on the platform.

Huobi Australia (HuobiAU) is a joint venture between Huobi and Blockchain Global, one of the leading Australian venture capital funds with capital over $200 million. Heads the exchange former director HSBC Hong Kong unit Adrian Harisson.

The new marketplace will adhere to Australia's anti-money laundering and anti-terrorist financing regulations. The relevant regulations were established in April this year and require that cryptocurrency exchanges have been registered with the Australian Transaction Reporting Center (AUSTRAC), have identified their customers and have reported suspicious activity.

The AUSTRAC rules were developed in accordance with the recommendations of the Financial Action Task Force on Money Laundering (FATF), which includes the United States, Great Britain, France, Germany, China, Russia and other countries..

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