Alchemy Pay Obtains Money Transmitter License in Mississippi, U.S., Bringing Licensed States to 20

As reported by TechFlow, on November 4, according to Alchemy Pay's official announcement, the company has obtained a Money Transmitter License (MTL) issued by the Mississippi Department of Banking and Consumer Finance in the United States. The number of U.S. states where Alchemy Pay holds a Money Transmitter License has now increased to 20, with applications in several other states still under review.

Alchemy Pay said the new license will further expand its compliant payment network in the United States, support exchange services between fiat and cryptocurrencies, and advance its stablecoin business and the development of Alchemy Chain, a Layer 1 blockchain focused on stablecoin payments.

In addition, Alchemy Pay has completed registration as a Digital Currency Exchange Provider (DCEP) in Australia, completed its electronic financial services registration in South Korea, and joined VQF, a Swiss self-regulatory organization. In Hong Kong, the company is further expanding virtual asset-related services through its investment in HTF Securities Limited, which is regulated by the Securities and Futures Commission (SFC) of Hong Kong.

Source: TechFlow