Huobi responds to crypto regulatory reform in Hong Kong.
of 20% of its staff in January, characterizing it as part of the company’s restructuring after Sun’s takeover in October. The exchange announced in February that it was closing down its Huobi Cloud Wallet in May, due to “strategic and product adjustments.“
According to Nikkei Asia, Huobi is also considering moving its headquarters to Hong Kong from Singapore. Huobi is expanding services in other regions as well. It announced in January that it is launching a Visa-backed crypto-to-fiat debit card that Huobi customers residing in the European Economic Area will be able to use worldwide. That card is expected to be available in the second quarter of this year.
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