Huobi Global has announced that it is joining in the Governance Council of Klaytn, the leading blockchain project led by Internet giant Kakao of South Korea.

Klaytn Governance Council is an alliance of multinational businesses and organizations, responsible for operating the consensus node network and driving the ecosystem growth.

This association is likely to reinforce a schedule some of the reputed digital enterprises in the world, such as, Binance, LG Electronics, Union bank and Kakao, which is Klaytn’s parent company, in order to jointly run the network under the public governance that provides accessible blockchain services to millions of users worldwide, as per the press release.

Sangmin Seo of council-member Ground X commenting on the addition: “We are excited for Huobi to work with other Council members to jointly run and govern the Klaytn platform, as well as create use cases that can foster the development of the global blockchain ecosystem.”

Huobi exchange recently went live in Argentina and freezed US accounts for various reasons which resembles similar approaches taken by other renowned exchanges, just like Binance, who also did the same back in June and routing their existing clients to BAM which is a FinCEN-registered partner.

Huobi may now contribute in Klaytn’s blockchain functionalities in bringing the mass adoption of the budding technology to the global audiences for further developments. They appeared to have been cognizant on its global presence, which is why such decisions are visible by them, in addition to the above, they were also in the news to go live of fiat gateway in Turkey as well for their domestic currency, ‘lira’.