Lianlian Digital announced that it has obtained an EMI (Electronic Money Instituion) license issued by the Luxembourg Financial Industry Supervisory Commission (Commission de Surveillance du Secteur Financier, “CSSF”), and the global strategic layout has taken another solid step. According to reports, EMI (Electronic Money Institution) is an electronic money institution license. Its main function is to issue electronic money (non-sovereign digital tokens), and it can provide services such as payment, prepaid cards, and electronic wallets in specific regions. Relying on the EMI license, LianLianDigital can carry out more types of business activities for the entire European market. In addition to providing payment and VAT services for European e-commerce platforms, it will also be possible to provide fund storage and withdrawal services to overseas European customers, and then work with high-quality ecosystem partners in the industry to develop a wider range of complete cross-border financial services similar to commercial banks, such as wallets and exchange.