Core Viewpoint - The successful acquisition of the MSB financial license by Hong Kong Jutong Management Co., Ltd. (Jutong Exchange) marks a significant step in its compliance and internationalization efforts, enhancing its business expansion opportunities and drawing attention to the importance of the MSB qualification in the fintech and digital asset service sector [1][16]. Group 1: Core Functions of MSB License - The MSB financial license is a compliance registration and regulatory system for "money services businesses," aimed at regulating industry order and combating illegal financial activities such as money laundering and terrorist financing [4]. - Holding an MSB license allows companies to legally conduct core services such as cross-border payment and remittance services, payment processing services, and activities related to digital assets within the U.S. and involving the U.S. dollar system [4][5][6]. Group 2: Challenges in Obtaining MSB License - The process of obtaining the MSB license is challenging and serves as a rigorous test of a company's overall strength, requiring detailed transparency in the application process, including comprehensive company information and ownership structure [9]. - A robust anti-money laundering (AML) system is essential for the MSB license application, necessitating the establishment of internal policies, appointment of a compliance officer, regular employee training, and an independent internal audit mechanism [10][12][14]. - After obtaining the license, companies face ongoing regulatory scrutiny and must fulfill various legal obligations, including submitting reports on large cash transactions and suspicious activities, which adds to compliance costs and pressures [10][12]. Group 3: Impact of MSB License on Jutong Exchange - The acquisition of the MSB license significantly enhances Jutong Exchange's global credibility, serving as indirect recognition of its compliance operations by a U.S. regulatory authority, thus creating a strong competitive advantage [15]. - The license facilitates access to essential business channels, allowing Jutong Exchange to connect with international banks and payment service providers, thereby expanding its service offerings for users [15]. - The MSB license reinforces Jutong Exchange's commitment to compliance and stable operations, attracting quality users and talent focused on security and long-term value, which is crucial for sustainable growth [15].