Ebang International Holdings Inc. Receives Registration Approval of Digital Currency Exchange in Australia
February 10 2022 - 8:00AM
Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,”
“we” or “our”), a global blockchain technology company, today
announced that the Company’s wholly owned subsidiary Ebonex
Australia Pty Ltd (“Ebonex Australia”) has received registration
approval from Australian Transaction Reports and Analysis Centre
(AUSTRAC) as a digital currency exchange as of December 3, 2021.
Mr. Dong Hu, Chairman and Chief Executive
Officer of the Company, commented, “Last year, we began our
expansion in Australia by setting up subsidiaries and office space
and establishing our local professional team. And now we are proud
to announce that AUSTRAC has approved Ebonex Australia’s
registration as a digital currency exchange (DCE). AUSTRAC, an
Australian government financial intelligence agency responsible for
detecting, deterring and responding to criminal abuse of the
financial system, oversees registration of any business that offers
cryptocurrency exchange services. We consider Australia a major
financial hub and recognize its significant influence in the global
market; therefore, receiving the DCE approval is of great
importance to us. Our cryptocurrency exchange project team, which
consists of senior industry technical experts, has been developing
and testing the cryptocurrency exchange tirelessly, and we
anticipate that the exchange will be introduced to the market in
the near future. We are confident that the DCE approval will add
substantial value to our business growth and believe this latest
approval is the most recent milestone in the Company’s
transformation into a diversified and vertically integrated
blockchain company with comprehensive involvements in the value
chain of the blockchain industry. We will continue leveraging our
technological strengths to contribute to the development of the
cryptocurrency exchange business.”
There is no guarantee that the Company’s
operation of its cryptocurrency exchange will improve the Company’s
financial performance or results of operations. Shareholders are
cautioned not to place undue reliance on this press release, or the
forward-looking statements contained herein.
About Ebang International Holdings
Inc.
Ebang International Holdings Inc. is a
blockchain technology company with strong application-specific
integrated circuit (ASIC) chip design capability. With years of
industry experience and expertise in ASIC chip design, it has
become a global bitcoin mining machine producer with steady access
to wafer foundry capacity. With its licensed and registered
entities in various jurisdictions, the Company intends to launch a
professional, convenient and innovative digital asset financial
service platform to expand into the upstream and the downstream of
blockchain and cryptocurrency industry value chain. For more
information, please visit https://ir.ebang.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, without limitation, the
Company’s development plans and business outlook, which can be
identified by terminology such as “may,” “will,” “expects,”
“anticipates,” “aims,” “potential,” “future,” “intends,” “plans,”
“believes,” “estimates,” “continue,” “likely to,” and other similar
expressions intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Such statements are not historical facts, and
are based upon the Company’s current beliefs, plans and
expectations, and the current market and operating conditions.
Forward-looking statements involve inherent known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company’s control, which
may cause the Company’s actual results, performance and
achievements to differ materially from those contained in any
forward-looking statement. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. These
forward-looking statements are made only as of the date indicated,
and the Company undertakes no obligation to update or revise the
information contained in any forward-looking statements as a result
of new information, future events or otherwise, except as required
under applicable law.
Investor Relations Contact
For investor and media inquiries, please
contact:
Ebang International Holdings Inc.Email:
ir@ebang.com
Ascent Investor Relations LLCMs. Tina XiaoTel:
(917) 609-0333Email: tina.xiao@ascent-ir.com
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