Local payment
Through the compliant settlement via the aforementioned channels, the legality and transparency of assets are ensured. Upstream licensed payment institutions take on the responsibility of paying these compliantly settled assets to the users.
Partner institutions include, but are not limited to, those holding Hong Kong MSO (Money Service Operator) licenses, U.S. MSB (Money Services Business) licenses, and state-level licenses registered with the U.S. FinCEN (Financial Crimes Enforcement Network), ensuring that fund handling complies with local financial regulatory standards.
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