LONDON,

UK - - Huobi Charity Limited ("Huobi

Charity"), a philanthropic arm and blockchain-based charity

platform of Huobi Group, today announced that it has obtained

approval from the Board of Charity Commissioner for Gibraltar ("the

Board") to operate as a registered and fully regulated charitable

organization. As a formally recognized charity, Huobi Charity will be

able to accept fiat and digital asset contributions from different

entities and conduct various philanthropic activities to help create

a better future globally.

Huobi

Charity was intentionally formed with a broad scope to benefit the

global society through a wide variety of initiatives. The firm aims

to prevent or alleviate poverty; advance education; promote health

and longevity; nurture communities; advance art, culture, heritage or

science; further environmental protections; and provide relief to

persons in need, including those with disabilities, ill health,

economic hardship, etc.

"As

a global charity that's helping shape the new digital economy, we

believe it is our responsibility to ensure we're building toward a

fair and equitable future for all while also preserving the culture

and values that define who we are as a society," said Ciara Sun,

Vice President of Global Markets and head of social impact

initiatives at Huobi Group. "By receiving formal status as a

registered charity in Gibraltar, we'll be able to collaborate with

other internationally-renowned charities and have a much bigger

impact on the lives of people all across the globe.

As

a registered charity, Huobi Charity will operate in full transparency

under the supervision of the Board, a regulatory body governed by the

Charities Act of Gibraltar. All activities of the firm such as

fundraising and donations will comply with regulatory requirements

established by the Board. Huobi Charity will disclose transactions

and provide the Board with regular reports on the activities of the

firm, undergoing annual audits to prove the legitimacy of its funding

sources. By opting to operate as a registered charity, Huobi is

providing donors with full visibility into its charitable activities

and fund management, further building on the trust that the Huobi

brand is already known for.

Huobi

Charity expands on Huobi's existing social responsibility

initiatives aimed at enriching the lives of people globally through

blockchain technology and digital assets. Last year during the

initial COVID-19 outbreak in Wuhan, Huobi Group committed $1.4

million USD to source and donate hundreds of thousands of medical

masks, protective suits, oximeters, and other medical supplies to

over 135 hospitals and community healthcare centers in affected

areas. Huobi Group also donated $50,000 USD in HT to the

Indonesia-China Association of Economic, Social and Cultural

Cooperation for the purchase and distribution of medical supplies to

Indonesian hospitals.

Through

the newly-licensed Huobi Charity, Huobi plans to continue aiding

local communities in need and drive many other charitable

initiatives.

About

Huobi Group

Consisting

of numerous upstream and downstream enterprises, Huobi Group is a

leading global blockchain company. Established by Leon Li in 2013,

the company's Huobi Global exchange accumulative turnover exceeds US

$3 trillion. Huobi proudly provides safe, secure, and convenient

cryptocurrency trading and asset management services to millions of

users in 170+ countries.

For

more information, visit www.huobi.com

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