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Ebang aims to set up digital financial platform in New Zealand

Ebang aims to set up digital financial platform in New Zealand

Ebang, a serious Chinese language Bitcoin (BTC) mining gear provider, is planning to amass a monetary agency in New Zealand to arrange an area digital asset monetary service platform.

In keeping with an official announcement on Oct. 14, Ebang Worldwide Holdings has entered an Expression of Curiosity tender letter to amass a 100% share of an unnamed firm. The New Zealand-based agency provides wholesale and generic monetary brokerage and wealth administration providers, the announcement notes.

Ebang representatives emphasised that the potential deal is topic to the “negotiation of a definitive settlement among the many related events” whereas the acquisition will not be but finalized. The agency acknowledged:

“There is no such thing as a assurance {that a} definitive settlement shall be entered into or that the proposed transaction shall be consummated in time, or in any respect.”

Ebang CEO Dong Hu mentioned, “Leveraging our longstanding experience within the blockchain expertise and our latest expansions to Singapore, Canada and New Zealand, we have now taken an enormous stride towards our purpose to construct a fully-licensed, Web-based buying and selling platform that gives skilled, handy and revolutionary buying and selling providers.”

Ebang executives didn’t instantly reply to Cointelegraph’s request to touch upon the information.

Ebang went public on Nasdaq in June 2020. The agency desires to arrange a wide selection of crypto-related providers, together with crypto mining farms, swimming pools, digital asset monetary service platforms and others.

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