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New Continent: Establishing Overseas Subsidiary and Obtaining US MSB License to Cover Digital Currency Trading Scenarios
Summary: In breaking news, New Continent (000997.SZ) announced that its wholly-owned subsidiary NovaPay US Inc., a subsidiary of its holding subsidiary Hong Kong Star Express Payment Limited, has been established and obtained the MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of 1 USD and its business scope ...
In breaking news, New Continent (000997.SZ) announced that its wholly-owned subsidiary NovaPay US Inc., a subsidiary of its holding subsidiary Hong Kong Star Express Payment Limited, has been established and obtained the MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of 1 USD and its business scope includes currency trading or transfer, currency exchange, and international remittance services.
The company's acquisition of the US MSB license aims to provide legal access qualifications for conducting cross-border fund business, covering scenarios such as currency exchange, remittance, and digital currency trading. This will provide infrastructure for connecting with global mainstream financial institutions, laying the foundation for cross-border payment-related business operations, supporting the company's global strategic layout, and contributing significant strength to realizing the vision of leading the digital business enterprise.
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Link: New Continent: Establishing Overseas Subsidiary and Obtaining US MSB License to Cover Digital Currency Trading Scenarios [Copy]
