China-based cryptocurrency exchange 796.com has announced that it is launching its U.S. subsidiary in February 2015. The strategy of establishing as US subsidiary is to be the main entity for local operations and global partnerships as well as to secure US-based license adoption, according to the company. Nelson Yu, President of 796’s Americas operation, commented: It has been a while since we first started the initiative to expand globally. We had the first idea back in mid 2014. Since then, we had done a lot of ground works out of New York, exploring opportunities with individuals and other Bitcoin businesses.
China-based cryptocurrency exchange 796.com has announced that it is launching its U.S. subsidiary in February 2015. The strategy of establishing as US subsidiary is to be the main entity for local operations and global partnerships as well as to secure US-based license adoption, according to the company. Nelson Yu, President of 796’s Americas operation, commented: It has been a while since we first started the initiative to expand globally. We had the first idea back in mid 2014. Since then, we had done a lot of ground works out of New York, exploring opportunities with individuals and other Bitcoin businesses.
