SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

SOS Units Obtain Money Services Business Licenses in US, Canada

05/11/2021 05:52

09:51 AM EDT, 05/11/2021 (MT Newswires) -- SOS Limited (SOS), a China-based data mining and analysis services company, said on Tuesday that its US and Canadian units have received money services business (MSB) licenses.

The US license issued by the US Financial Crimes Enforcement Network allows SOS units to act as a foreign exchange dealer, money transfer agent and seller of money orders.

The Canadian license issued by the Financial Transactions and Reports Analysis Centre allows SOS to conduct money transfers, and be a dealer for foreign exchange, as well as virtual currencies.

SOS said it is continuing work on other licenses and permits required to start its digital currency exchange, which will be operated via its US unit, US XX Exchange, and its Canadian unit, Canada XX Exchange.

Price: 3.55, Change: -0.04, Percent Change: -0.98