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One platform for global traditional assets
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Hong Kong-based stablecoin payment unicorn RedotPay announced that it has obtained registration as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN). The company stated that this move will be used to enhance its global payment infrastructure and support cross-border transaction processing. RedotPay also emphasized that the MSB registration is solely for internal operations and cross-border payment processing, and does not involve providing services to U.S. citizens.