Huobi Charity is now Gibraltar’s Regulated Body
Huobi Charity Limited is the Philanthropic arm of the world-renowned cryptocurrency exchange Huobi Group. Huobi Charity is a charity platform that is based on the blockchain network. Huobi Charity Limited has revealed that it is now a fully regulated and a registered charitable organization in Gibraltar.
Huobi Charity has confirmed that it has acquired approval from Gibraltar’s Board of Charity Commissioner.
The organization has announced that it is now legally approved to accept digital and fiat currencies from different organizations in the form of charities. With the funds raised, it will be able to carry out several philanthropic activities all across the world. The organization aims to bring a change to the world with its contribution and efforts.
Huobi Charity was formed in the first place with a wide vision and scope of offering a helping hand to societies in different ways. Since its launch, Huobi Charity has taken several initiatives that have proven to be very beneficial for the societies.
The main goal of the organization is to get rid of poverty from the society and bring harmony and joy to the entire world. The initiatives it has taken so far have been focused on numerous factors that considered to be extremely sensitive and essential in the global society.
Some of the most prominent initiatives include environmental protections, science or heritage, advanced education, promoting health, and longevity. Furthermore, it focuses to nurture communities, advancing art, and helping those who are in need of help.
It focuses on helping people with disabilities, economic hardships, and ill health that can have a direct impact on a person’s mental health.
Huobi Charity officials have stated that they are fully aware of what their responsibilities would be as a regulated charity organization. Their focus will be to carry out any initiatives in accordance with the regulations and provide the regulator’s full transparency throughout the processes.
The organization hopes to get full support and backing from the board of Gibraltar, which is the regulatory body according to the Charities Act of Gibraltar.
No matter Huobi Charity carries out donation or fundraising activities, it will ensure full compliance with the regulatory requirements that have been outlined by the board.
Huobi Charity will be responsible for providing full transparency with respect to transactions for the donations and charities. It will also be providing the board with full reports on a weekly/monthly basis to ensure that both entities are on the same page.
In addition to the above, the Huobi Charity will also undergo annual and required audits whenever necessary. These will be carried out to prove the legitimacy of the platform with respect to its charity programs and initiatives.