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During his visit to Beijing earlier this week, Gibraltar’s Minister for Commerce, Albert Isola MP, met with Leon Li, the Founder and CEO of Huobi Group.

The Huobi Group was established in 2013 and is today one of the world’s largest cryptocurrency exchanges and a leading global digital asset financial service provider. The company has based its operation on the concept of “putting users first” with the aim of “empowering financial services and liberating global wealth”, and is committed to providing secure, professional, credible and quality services across the globe. Since setting up in 2013, Huobi Group’s accumulative turnover has exceeded 1.2 trillion USD and became one of the world’s largest digital asset exchanges boasting a global share of 50%.

Currently, Huobi Group has set up compliance service teams in Singapore, Japan, South Korea, United Kingdom, Australia, Canada, Brazil and Hong Kong to deliver its secure and credible digital asset trading and asset management services to millions of users in over 130 countries. In 2018 Huobi Gibraltar received its DLT Providers licence from the Gibraltar Financial Services Commission and has since steadily grown its operation in Gibraltar.

Speaking of the meeting with Leon Li in China this week, Minister Isola commented: “We value and welcome Huobi’s decision to establish an operation in Gibraltar and our meeting with Leon Li and the senior management team at Huobi Group was all about understanding Huobi’s strategy for the next 24 months and to discuss how Gibraltar can support and facilitate this fast-growing international business.”

Minister Isola added, “During a very open and productive meeting we agreed a number of new initiatives between the Government of Gibraltar and Huobi and we will be shortly announcing further details on the areas of future co-operation covered in a Memorandum of Understanding we agreed at the meeting.”

Minister Isola was accompanied by Gibraltar Finance senior executives Michael Ashton and Paul Astengo. Also at the meeting was Joey Garcia of Isolas who are Huobi Gibraltar’s legal advisors, and Bruno Callaghan of Callaghan Insurance.