China-based Ebang International Holdings Inc. (NASDAQ: EBON) recently announced that it had completed establishing a wholly-owned subsidiary in Singapore to prepare for setting up a regulatory-compliant digital currency exchange.
The Nasdaq-listed ASIC chip maker and block mining equipment manufacturer plans to seek the relevant governmental approval and license to operate the exchange and related business. In June, the plans were first hinted at during an interview with Bloomberg BNN by Ebang CFO Chen Lei.
