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COMMENTARY: Huobi Co-Founder Du Jun’s views on Australia’s Potential License Regime for Crypto Exchanges


On Monday, March 21, 2022, Australian Minister for Digital Economy Jane Hume announced at Blockchain Australia that the Australian government will “let Australians invest in crypto assets safely and securely” by establishing a market license regime for crypto exchanges.

Details will be released as part of a policy paper on Monday. Senator Andrew Hume also proposed the concept of a comprehensive Digital Services Act, which would adopt a comprehensive approach to regulating the cryptocurrency industry.

On this subject, Du Jun, co-founder of world-leading cryptocurrency exchange Huobi Global, commented the following:

“We are pleased to see the Australian government adopt such a forward-looking approach towards regulating the cryptocurrency industry,” said Du Jun, Co-Founder of Huobi Group. “Australia is the world’s thirteenth largest economy, making it an attractive market to Huobi. We believe that regulation is good for the industry and promotes long-term, healthy growth.”

“Becoming a regulated exchange would give us a badge of legitimacy and also enable us to work with more partners, such as banks, payment channels, and certain advertising channels,” said Du.

Du Jun co-founded global cryptocurrency exchange Huobi with Leon Li in 2013 and served as CMO, raising money from the likes of Zhen Fund and Sequoia Capital China. He left the company in 2017, only to return in 2020 to oversee the company’s overall marketing and branding strategy.

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About Huobi Group

As a world-leading company in the blockchain industry, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and the integration of blockchain technology to other industries. Huobi Group has expanded into public blockchains, digital assets trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more. Huobi Group has established a global digital economy industry ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry and has created holistic global digital economy ecology.

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Source: Huobi Group

Source: Huobi Group