NovaPay US Inc., a subsidiary of Newland, has been officially established in the USA with a registered capital of 1 USD and has been awarded the MSB license by FinCEN. This license allows it to operate in the realm of currency exchange and digital finance.
Establishment of NovaPay and License Acquisition
NovaPay US Inc. was created with a registered capital of 1 USD. The acquisition of the MSB license from FinCEN enables the company to legally conduct operations in currency exchange and international remittances. This event highlights Newland's strategic goal of expanding its global capabilities.
Impact on Global Financial Operations
The license allows NovaPay to improve transaction infrastructure and develop partnerships with leading financial institutions. Operations with currencies and digital finance will facilitate easier transactions between countries.
Regulatory Achievements and Their Significance
Ensuring regulatory compliance has become an important step for NovaPay and other global players such as Binance US and Circle, which also obtained MSB licenses. These achievements create a foundation for integrating various financial services.
The acquisition of the MSB license from FinCEN indicates significant steps for NovaPay in building an effective and legal platform for conducting financial operations on the international stage.
