Huajian Medical has just established its subsidiary IVD GROUP in New York to develop the IVDNewCo exchange strategy and begin the stablecoin licensing process in the U.S.
This is an important step reinforcing the corporation's stablecoin licensing plan, demonstrating the vision and ability to execute global regulatory compliance.
MAIN CONTENT
Huajian Medical established its subsidiary IVD GROUP in New York, U.S.
IVD GROUP will be the main unit implementing the IVDNewCo exchange strategy in the U.S.
The process of applying for a stablecoin license with U.S. regulatory agencies has been initiated.
What has Huajian Medical done in the U.S. market?
Huajian Medical fully owns the subsidiary IVD GROUP in New York to promote the development strategy of the IVDNewCo cryptocurrency exchange. This is a strategic move in line with the global expansion plan, especially in the U.S. market, which has a stringent cryptocurrency regulatory system.
Tapping into the potential of the U.S. market is considered a major turning point, contributing to enhancing the company's position in the DeFi sector and financial technology innovation.
Why is applying for a stablecoin license important for Huajian Medical?
According to a representative of Huajian Medical, submitting a stablecoin licensing application to regulatory agencies such as the SEC and CFTC is a decisive step towards legalizing the corporation's cryptocurrency operations in the U.S.
"The initiation of the stablecoin licensing process has demonstrated our commitment to regulatory compliance and sustainable development in the U.S. market."
Quoted from the CEO of Huajian Medical, July 2024
Stablecoin licensing not only minimizes legal risks but also expands opportunities for collaboration with large-scale financial institutions and investors globally.
What is Huajian Medical's global strategy in the cryptocurrency sector?
Establishing a subsidiary and applying for a license in the U.S. is part of Huajian Medical's comprehensive roadmap for compliance and the development of a global cryptocurrency exchange.
This strategy reflects a deep understanding of the multinational legal framework and thorough preparation to effectively leverage growth opportunities in the rapidly changing digital finance sector.
Which regulatory agencies in the U.S. are related to stablecoin licensing?
Agencies such as the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) play a crucial role in licensing and overseeing stablecoin operations.
Compliance with the regulations of these agencies helps ensure transparency, stability, and safety for the cryptocurrency ecosystem in general and stablecoin products in particular.
Frequently Asked Questions
Where did Huajian Medical establish IVD GROUP?
The subsidiary IVD GROUP is fully owned and established in New York, U.S., to develop the cryptocurrency exchange strategy.
What does IVD GROUP do in the corporation's plan?
IVD GROUP is the main unit implementing the IVDNewCo cryptocurrency exchange strategy in the U.S. market.
Why is applying for a stablecoin license important?
Licensing helps the project operate legally, enhances credibility, and expands collaboration opportunities with financial institutions.
Where is the stablecoin license applied for?
The process is being submitted to agencies such as the SEC and CFTC – the main regulatory organizations for cryptocurrency finance in the U.S.
What impact does Huajian Medical's strategy have?
The strategy focused on global compliance enhances competitiveness and sustainable development in the international cryptocurrency market.
Source: https://tintucbitcoin.com/huajian-medical-lap-cong-ty-my-xin-stablecoin/
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