Blue Hat(US:BHAT) Newsfilterยท2024-06-05 12:30Core Viewpoint - Blue Hat Interactive Entertainment Technology (BHAT) has received a significant international license for precious metals trading, marking a pivotal step in its business transformation and international expansion [1][2]. Group 1: Regulatory Developments - BHAT's subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department [1]. - This regulatory system, effective from April 1, 2023, aims to combat money laundering and terrorist financing activities [1]. Group 2: Business Strategy and Expansion - The CEO of BHAT emphasized the importance of this license for the company's transformation and commitment to compliance with local and international laws [2]. - BHAT plans to collaborate with Macau Rongxin Precious Metals Company to develop an innovative intelligent gold supply chain and recycling system [2]. - The company is focusing on expanding its business in precious metals and optimizing its corporate structure to seek new growth points [2]. Group 3: Company Background - BHAT was previously involved in communication services and AR interactive entertainment but is now transitioning to become a leading intelligent commodity trader [3]. - The company aims to leverage its technological expertise and patented technology to enhance its commodity trading operations [3].