Chinese bitcoin mining-rig maker Ebang (Nasdaq: EBON) registered a crypto exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
- Ebang stock was up 14% in yesterday's trading on the Nasdaq, though it has lost 42% of its value in the past six months.
- The approval "will add substantial value" to the company's growth and is bringing it closer to becoming a "diversified and vertically integrated blockchain company," Dong Hu, chairman and CEO, said in the press release.
- Hangzhou, China-based Ebang set up the subsidiary and started the registration process in October 2020.
- The registration has to be renewed every three years, according to the AUSTRAC website.
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