Wu learned that Newland Digital Technology Co., Ltd. announced that its holding subsidiary Shanghai Shanhao's wholly-owned subsidiary Hong Kong Xingyi Payment established an overseas subsidiary NovaPay US Inc. with its own funds of 1 USD, and has obtained the MSB (Money Services Business) license issued by the Financial Crimes Enforcement Network under the U.S. Department of the Treasury, with business scope covering forex trading, fund transfers, and more.

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