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Crypto exchange Huobi’s China-based entity set for dissolution

July 30, 2021
Source: bitcoinwarrior.net bitcoinwarrior.net
News Snapshot:
Seychelles-based cryptocurrency exchange Huobi is reportedly looking to dissolve the Beijing Huobi Tianxia Network Technology entity that operates in the Chinese market Chinese media have reported that crypto exchange Huobi is dissolving its entity in Beijing. The stakeholders of the Beijing entity already agreed to dissolve the firm about one week ago. The notice sent by the stakeholders did not make headlines until yesterday despite being drawn up on July 22. The Beijing Huobi Tianxia Network Technology company has five subsidiaries and a registered capital equivalent to $1 million. Huobi joins Beijing Lekuda, founded by Star Xu, who doubles up...
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