Non-trading License for Huobi in DIFC

DIFC published lately on their public register, that on 17th of June 2022, the financial center granted Huobi (international) investment limited as license for an entity called Huobi Innovation (DIFC) Limited.

It seems Huobi are reconsidering their decision about UAE and MENA and working hard to establish again a footstep in the UAE. Previously as reported on Unlock, Huobi switched off their operations in June 2020, after spending two years in Dubai.

Obviously, the license granted from DIFC has nothing to do with digital assets trading, but for technology research and development.

Probably Huobi will be applying to receive a Virtual Asset MVP License from Virtual Assets Regulatory Authority (VARA) of Dubai. This would enable the company to have a full range of cryptocurrency exchange products and services, and join the club of Binance, Crypto.com , FTX and others.