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Huobi Joins Japan STO Association Along With MUFG And 10 Other Players

Published 08/03/2020, 12:30 PM
Updated 08/03/2020, 02:00 PM
Huobi Joins Japan STO Association Along With MUFG And 10 Other Players

Huobi’s Japanese branch has joined the Japan Security Token Offering Association, or JSTOA, as a “supporting member” along with Zaif, FXCoin, and 8 other local crypto players, according to the announcement published earlier today.

“A full member must be a securities firm holding a Finance 1 licence,” Huobi Japan CEO Haiteng Chen clarified in a comment to Cointelegraph. “We don't obtain this licence and thus cannot apply for a full membership.”

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