Huobi bought a Japanese crypto currency exchange, BitGo has received the license of the custodian of the digital assets in the United States

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Huobi bought a Japanese crypto currency exchange, BitGo has received the license of the custodian of the digital assets in the United States

News of the expansion is one of the largest kryptomere Huobi have found a workaround to the Japanese market, and startup BitGo has received an official license of the custodian of the digital asset in one of the States.

Huobi still managed to gain access to rapidly developing and is considered a very promising market in Japan. Its subsidiary, Huobi Japan Holding Ltd became the largest shareholder of the Japanese crypto currency exchange BitTrade. The transaction value was not disclosed.

However, it is known that in late may Singapore millionaire Eric Chen bought BitTrade, or rather, two of the company, owning its shares for $50 million

Given this fact, and that ВіtTrade one of the 16 licensed Japanese kryptomere, an enterprising Singaporean is hardly sold a controlling stake in the newly purchased companies for a lesser amount.

However, Huobi set up fairly strongly in the plans of the company, according to her statement, “aggressive development” new Japanese site and bringing it to a leading position in the local market.

But the startup BitGo has chosen a different tack company since the beginning of 2018 persistently tried to obtain the license of the custodian of digital assets, and finally succeeded.

BitGo Trust yet received a license from the state of South Dakota, but the company says that obtaining licenses in other States now — a trick.

As explained by the head of the legal direction BitGo Shahla Ali, Zacatelco in this area in other States is not too different, so it is difficult to obtain their first license in one state, and then the process is more formal.

Way BitGo to this document was quite long and arduous — for the first time, the company announced its plans in January, together with the intention to buy another custodian, Kingdom Trust. However, the deal did not materialize, and in may the company announced the intention to create your own repository from scratch.

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