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TechFlow news, according to Reuters, Yang Zhou, founder and CEO of Babel Finance, revealed that the company has submitted an application for an asset management license in Hong Kong. This move aims to position Babel Finance as a gateway between traditional financial institutions and cryptocurrency investments. Yang also stated that upon approval, Babel Finance targets raising $1 billion in investments.
Bao Financial founder and CEO Yang Zhou revealed that the company has already submitted an application for an asset management license in Hong Kong, a move that will help Bao Financial become a "gateway" between traditional financial institutions and crypto investments.
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