New World: Establishing overseas subsidiaries and obtaining MSB licenses in the United States, covering scenarios such as digital currency trading

BlockBeats News: On July 1st, New World (000997. SZ) announced that NovaPay US Inc., a wholly-owned subsidiary of its controlling subsidiary, Hong Kong Star Inn Payment Limited, has been established and has obtained an MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of 1 US dollar and its business scope includes currency transactions or transfers, including currency exchange and international remittance services. The company obtained the MSB license in the United States with the aim of providing legal access qualifications for cross-border fund business, covering scenarios such as currency exchange, remittance, and digital currency transactions. It provides infrastructure for connecting with mainstream financial institutions worldwide, lays the foundation for cross-border payment related business development, and contributes to the company's global strategic layout, making important contributions to realizing the vision of a leading digital business enterprise.