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Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source 2

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Huobi Chain unveiled the public blockchain in July in partnership with blockchain startup Nervos. It can be used for financial services and applications, including lending, debit services, stablecoins, security token offerings, exchanges and payment services, the company said.
The firm has touted the network as the first financial public chain to support nodes that let regulators contribute to the network as validators.
Huobi Group founder and CEO Leon Li said in today’s announcement:
“If major banks and financial institutions are to fully embrace and adopt permissionless blockchain technology, we need to create a safe and secure environment that makes it easier for them to transition their products and services to the blockchain.”
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