Licensed Australian player HBGL begins trial operation, focusing on stablecoin-to-fiat currency exchange services.

2025-12-08 09:20:22

Abstract generation in progress

[Crypto World] Australia has gained another licensed player—HBGL has recently begun trial operations. This company, which is affiliated with the HTX Group, has obtained a digital asset service license in Australia and focuses on the exchange of stablecoins like USDT and USDC with fiat currencies.

They take compliance quite seriously and have already registered with AUSTRAC (Australian Transaction Reports and Analysis Centre). They follow all the required frameworks for anti-money laundering, counter-terrorism financing, and KYC. Backed by HTX’s resources, HBGL aims to become a “compliance intermediary” connecting traditional finance and digital assets in Australia, with current key offerings in fiat settlement and OTC trading.

Australia’s market has relatively clear regulatory oversight, and there aren’t many service providers who can actually get a license. For local users, this kind of compliant fiat channel makes deposits and withdrawals much more convenient.

USDC0.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes