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EBON - Ebang's Australia Progress Excites - Or Not - Or Maybe As Bitcoin Gyrates
Ebang International Holdings Inc.
Last Thursday, Ebang International Holdings Inc. said the Australian Transaction Reports and Analysis Centre approved its Australian unit’s registration as a local digital currency exchange operator.
Ebang shares jumped 14% the day it announced the latest news. But the stock gave back those gains and more the next day.
Even though adoption of cryptocurrencies is increasing fast in Australia, the government has lately vowed to rein in cryptocurrency trading after some popular exchanges collapsed.