Nasdaq-listed bitcoin mining equipment manufacturer Ebang has set up a wholly owned subsidiary in Australia as part of its strategy to create a digital asset trading platform.
- The company has applied for but not yet received an Australian financial services license, per a Thursday press release.
- In June, CFO Chen Lei confirmed the Hangzhou-based company planned a cryptocurrency exchange that would strictly operate outside of China, as CoinDesk previously reported.
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https://www.coindesk.com/ebang-launches-australia-based-subsidiary-seeks-approval-for-new-exchange
