strategic shift

On March 14, Houbi Korea announced today that it would change its name to “High Block” and officially become an independent Korean enterprise. Houbi Korea changed its name to “High Block Analysis based on this information:Huobi, one of the largest cryptocurrency exchanges in China, announced on March 14 that it would change the name of its Korean subsidiary to “High Block” and become an independent enterprise. The decision was made in response to the Korean government’s strict regulations on cryptocurrency trading, which require exchanges to comply with strict KYC (know-your-customer) and AML (anti-money laundering) rules, as well as to ensure their information security systems are up to standard. The rebranding of Huobi Korea follows a series of strategic adjustments made by Huobi in recent years. In 2017, Huobi was one of several Chinese exchanges that were forced to move their operations outside of China due to a regulatory crackdown by Beijing. Since then, Huobi has expanded its operations globally, establishing…