Stephanie Douse 
Ebang a Chinese BTC mining rig manufacturer, has established a cryptocurrency exchange with the Australian Transaction Reports and Analysis Centre.
According to a press statement issued on Thursday, the registration of Ebang’s fully owned subsidiary, Ebonex Australia, as digital currency exchange (DCE) was completed on December 3, 2021.
Ebang’s Stock
The Nasdaq stock of Ebang went up 14% yesterday, despite the fact that it had lost 42% of its value in the last six months. According to Dong Hu, Chairman and CEO, the approval “would add tremendous value” to the firm’s development and will move it closer to being a “diversified and vertically integrated blockchain corporation.”
The company is situated in Hangzhou, China. In October 2020, Ebang established the subsidiary and began the registration procedure. According to the AUSTRAC website, registration must be renewed every three years.
According to a press statement issued on Thursday, the registration of Ebang’s fully owned subsidiary, Ebonex Australia, as digital currency exchange (DCE) was completed on December 3, 2021.
The Nasdaq stock of Ebang went up 14% yesterday, despite the fact that it had lost 42% of its value in the last six months. According to Dong Hu, Chairman and CEO, the approval “would add tremendous value” to the firm’s development and will move it closer to being a “diversified and vertically integrated blockchain corporation.”
The company is situated in Hangzhou, China. In October 2020, Ebang established the subsidiary and began the registration procedure. According to the AUSTRAC website, registration must be renewed every three years.