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New Continent: Company Recently Obtained US MSB License
Summary: According to reports, New Continent announced on July 3 on its interactive platform that the company has recently obtained a US MSB license. This license is a federal financial compliance permit issued by the US Department of the Treasury's Financial Crimes Enforcement Network, covering currency exchange, remittances, digital currency transactions, and other scenarios. According to ...
According to reports, New Continent announced on July 3 on its interactive platform that the company has recently obtained a US MSB license. This license is a federal financial compliance permit issued by the US Department of the Treasury's Financial Crimes Enforcement Network, covering currency exchange, remittances, digital currency transactions, and other scenarios. According to FinCEN guidelines, the transfer and receipt of stablecoins fall under money transmission services, requiring registration for an MSB license and compliance with anti-money laundering obligations. Next, the company plans to apply for and register payment licenses in other relevant regions, continuously expanding its global business to enhance its competitive advantage and provide global customers with higher quality, safer, and more efficient cross-border financial and payment services. (Zhixin Finance)
