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Huajian Medical Establishes Wholly-Owned Subsidiary in the United States to Initiate Stablecoin License Application

Summary: Hong Kong-listed company Huajian Medical announced the establishment of a wholly-owned subsidiary, IVD GROUP, in the state of New York, USA. The US subsidiary will serve as the core operating entity for advancing the IVDNewCo Exchange strategy in the United States. Additionally, the US subsidiary has officially initiated the process of applying for a stablecoin ...

Hong Kong-listed company Huajian Medical announced the establishment of a wholly-owned subsidiary, IVD GROUP, in the state of New York, USA. The US subsidiary will serve as the core operating entity for advancing the IVDNewCo Exchange strategy in the United States. Additionally, the US subsidiary has officially initiated the process of applying for a stablecoin license with US regulatory agencies, including but not limited to the SEC and CFTC. This move represents a substantial progress in the group's 'US Stablecoin License Application Plan' announced earlier, showcasing the group's execution and foresight in global compliance layout. (Sina Finance)

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