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First Digital Labs Relocates FDUSD Issuance to BVI for Global Expansion
First Digital Labs Relocates FDUSD Issuance to BVI for Global Expansion
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BTCCSquare news:
First Digital Labs has strategically shifted issuance of its FDUSD stablecoin to FD121 Limited, a newly established entity in the British Virgin Islands. The move underscores the company's ambition to create a truly borderless digital dollar while maintaining existing governance and transparency standards.
The transition comes as regulatory landscapes evolve globally, with Hong Kong implementing stablecoin legislation and jurisdictions like the EU and US advancing crypto frameworks. First Digital views these developments as constructive for fostering responsible innovation in the sector.
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