NovaPay Secures US MSB License for Global Expansion

Generated by AI AgentCoin World
Tuesday, Jul 1, 2025 6:08 am ET1min read
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NovaPay US Inc., a subsidiary of Newland, has been officially established in the United States with a registered capital of 1 USD. The company has secured the US Money Services Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN). This development is a significant step in Newland's global expansion strategy, enabling NovaPay to operate legally in the domains of currency exchange, international remittance, and digital currency transactions.

With this regulatory approval, NovaPay is well-positioned to enhance cross-border payment infrastructure and forge partnerships with leading

financial institutions
. This move aligns with Newland's ambition to become a digital business leader, facilitating smoother and more efficient global transactions.

NovaPay's new license allows it to handle currency exchanges, transfers, and remittances, as well as digital currency services within the US market. This strategic expansion is aimed at improving global payment infrastructure, although no specific cryptocurrencies like

Bitcoin
or
Ethereum
have been immediately associated with this development. Regulatory compliance remains a key prerequisite for any future engagement with digital tokens and stablecoins, as noted by industry observers.

Major global entities, such as Binance US and Circle, have also obtained US MSB licenses as a foundational step for expanding their operations. This has historically facilitated partnerships with US-based banks and allowed the integration of fiat-to-crypto services. The acquisition of an MSB license is often a crucial step for companies looking to integrate fiat-to-crypto services, enhancing their regulatory credibility and laying the groundwork for technological integration within the global fintech ecosystem.

Such milestones may eventually expedite cross-border financial operations and benefit corporations aspiring for global penetration. This development underscores Newland's commitment to leveraging regulatory compliance to drive innovation and growth in the digital finance sector.