Ebang Launches Australia-Based Subsidiary, Seeks Approval for New Exchange
The move is part of the bitcoin mining machine producer's plan to build a digital asset financial service platform.
Updated Sep 14, 2021 at 10:22 a.m. UTC
![Australia flag](https://www.coindesk.com/resizer/RJ8HMzXbhUUja6faUTfl4F_fxm4=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QM7I2PPGMVFEBAYIQX42CZYWDQ.jpg)
- 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.