USMining Group Officially Announced that It Has Obtained the US MSB License

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The accomplishment of USMining Group in acquiring a US MSB license is important positive news for investors.

Metadata

Provider:

PR Newswire

Retrieved on:

Tuesday, July 26, 2022

Information

Tags:

Crypto, Time, Financial Crimes Enforcement Network, Maintenance, US, United States Department of the Treasury, News, Money services business, MSB, Mining, Blockchain, Cryptocurrency, Decision-making, Application-specific integrated circuit

Geotags:

NEW YORK, UNITED STATES

Organisation:

USMINING GROUP

Summary

Key Points:

The accomplishment of USMining Group in acquiring a US MSB license is important positive news for investors.
USMining Group thinks that blockchain technology requires practical applications as well as public involvement.
USMining Group was able to acquire the public's trust in a short amount of time, and the US MSB license became the key to market development.
The USMining Group team claims that "Previously, we primarily provided system development and maintenance assistance to enterprises and huge financial institutions.

USMining Group Officially Announced that It Has Obtained the US MSB License

NEW YORK, July 26, 2022 /PRNewswire/ -- The US MSB (Money Services Business) license is a financial license provided by FinCEN, the Financial Crimes Enforcement Bureau of the US Treasury Department. FinCEN publishes MSB, which stands for Money Services Business. MSB is the starting point for blockchain payment firms. The accomplishment of USMining Group in acquiring a US MSB license is important positive news for investors.

Since its inception, USMining Group has attracted the attention of the blockchain industry. USMining Group thinks that blockchain technology requires practical applications as well as public involvement. It is vital to decrease the barrier to blockchain investment. USMining Group was able to acquire the public's trust in a short amount of time, and the US MSB license became the key to market development.

The USMining Group team claims that "Previously, we primarily provided system development and maintenance assistance to enterprises and huge financial institutions. Because of the emergence of blockchain in recent years, the firm has opted to pursue a broader end-user market. Ideally, it would be feasible to make money, develop communities, amass traffic, form consensus, and eventually build a blockchain ecosystem using USMining Group's technology."

About USMining Group

USMiningGroup, created in 2016, is a cloud mining equipment sharing platform located in the United States. USMiningGroup is a pioneer in the realm of ASICs, or specialized devices, and it develops Cryptomining equipment under the Bitminer name. As a result, it is considered one of the greatest Crypto cloud mining sites.

This company also works with two of the world's largest cryptocurrency mining pools, Bitpool and BTC.com. USMiningGroup saves customers the trouble of obtaining and maintaining their own mining equipment. By acquiring a contract, users may mine digital currencies and earn money.

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SOURCE USMining Group