The Securities Commission of Malaysia (SC) has ordered Houbi Global Limited to cease operations, sanctioning it for operating illegally in the country.
Malaysia SC In the notification published on the official website on May 22, off the record operating in on the grounds the biggest from cryptocurrency exchanges one who Takes legal action against Huobi And condemned him. SC also in the country ordering it to cease its activities announced sanctions.
Commission, within the scope of legal action, the website of the exchange, Google Play And Apple Store access of the applications listed above from within the country. has been blocked reported.
Besides, Huobi’s Malaysian to investors email or social media platforms through posting an advertisement and its publication commission was among the prohibited activities.
of the commission Houbi CEO Leon Li of the directives immediately in its place to be brought while being said malaysian to investors their accounts on the platform. to close and their investments to pull called for it. The native token of the exchange of HT from the decision not affected was recorded.
Huobi consultant Justin Sun In a statement to The Block on the subject, your decision Huobi’s to the previous organization And for former shareholders and that with its changing shareholder structure, it is a global compatibility existing standards Huobi platform from this decision not affected stated.
According to Coinecko data, the latest 30 days in 18.2% depreciation HT, last 24 hours in with an increase of 0.9% as of my writing $2.94 traded at the level.