Yugocean
Valued Contributor
The controversy over the centralized network in the cryptocurrency market is not going to stop, and now due to the decision of the Thai government, Huobi's name has also been added to it.
The Securities and Exchange Commission of Thailand has unrecognized Huobi's Thailand unit on June 15 (Wednesday), and the unit on June 16 (Thursday) issued a statement that confirmed the derecognisation, and informed it is going to shut down permanently on July 1, 2022.
Regarding its customers, Huobi Thailand has admitted that there are still many customers who have not withdrawn their assets. However, Huobi Thailand has also made it clear that it will no longer have any binding or legal liability with the Huobi Group after the closure.
. This clearly means that Huobi Global will not take any responsibility for the consumers of Thailand who have invested in their local unit, and, for whatever reason, have not been able to withdraw their investment.
The Securities and Exchange Commission of Thailand has unrecognized Huobi's Thailand unit on June 15 (Wednesday), and the unit on June 16 (Thursday) issued a statement that confirmed the derecognisation, and informed it is going to shut down permanently on July 1, 2022.
Regarding its customers, Huobi Thailand has admitted that there are still many customers who have not withdrawn their assets. However, Huobi Thailand has also made it clear that it will no longer have any binding or legal liability with the Huobi Group after the closure.
. This clearly means that Huobi Global will not take any responsibility for the consumers of Thailand who have invested in their local unit, and, for whatever reason, have not been able to withdraw their investment.