New World: The company has recently obtained the MSB license in the United States

According to BlockBeats, on July 3rd, New World announced on an interactive platform that the company has recently obtained a US MSB license, which is a federal level financial compliance license issued by the Financial Crime Enforcement Agency of the US Treasury Department, covering scenarios such as currency exchange, remittance, and digital currency transactions. According to FinCEN guidelines, the transmission and reception of stablecoins belong to currency transfer services and require registration with an MSB license and fulfillment of anti money laundering obligations. Next, the company plans to apply for and register payment licenses in other relevant regions, continuously expanding its global business, enhancing its competitive advantage, and providing better, safer, and more efficient cross-border financial and payment services to global customers. (Zhitong Finance)