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Transak Expands U.S. Operations With Money Transmitter Licenses in Illinois and Missouri
The post Transak Expands U.S. Operations With Money Transmitter Licenses in Illinois and Missouri appeared on BitcoinEthereumNews.com. Key highlights: Transak has obtained Money Transmitter Licenses (MTLs) in Illinois and Missouri, expanding its ability to offer direct fiat-to-crypto services in both states. The licenses improve security, regulatory compliance, and operational independence, removing the need for third-party providers. Transak aims to continue expanding its regulatory footprint across the U.S. to support businesses, developers, and users in the digital economy. Strengthening compliance and accessibility in the U.S. Transak, a provider of Web3 payment infrastructure, has secured Money Transmitter Licenses (MTLs) in Illinois and Missouri. These approvals allow the company to directly facilitate cryptocurrency transactions in both states, expanding its reach while ensuring compliance with financial regulations. A Money Transmitter License (MTL) is an important regulatory requirement for financial service providers operating in the U.S., allowing businesses to process money transfers while adhering to consumer protection laws. With these new approvals, Transak can now offer fiat-to-crypto transactions without relying on external intermediaries, improving efficiency and security for users. “Securing two Money Transmitter Licenses in such a short span is a testament to the team’s commitment to regulatory excellence and user trust. By securing Money Transmitter Licenses across key states like Illinois and Missouri, we are ensuring a trusted and compliant environment for users, businesses, and developers who rely on our payments infrastructure.” —Bryan Keane, Compliance Officer (Americas) at Transak Expanding services in Illinois and Missouri Illinois has long been a hub for blockchain innovation, with initiatives like the Illinois Blockchain Initiative (IBI) and research institutions such as the University of Illinois driving adoption. With its new MTL, Transak can support businesses, developers, and individuals engaging in decentralized finance (DeFi), blockchain gaming, and other digital asset applications in the state. Missouri, known for its growing fintech sector and increasing interest in cryptocurrency adoption, also presents new opportunities. The approval allows Transak to serve…
The post Transak Expands U.S. Operations With Money Transmitter Licenses in Illinois and Missouri appeared on BitcoinEthereumNews.com.
Key highlights: Transak has obtained Money Transmitter Licenses (MTLs) in Illinois and Missouri, expanding its ability to offer direct fiat-to-crypto services in both states. The licenses improve security, regulatory compliance, and operational independence, removing the need for third-party providers. Transak aims to continue expanding its regulatory footprint across the U.S. to support businesses, developers, and users in the digital economy. Strengthening compliance and accessibility in the U.S. Transak, a provider of Web3 payment infrastructure, has secured Money Transmitter Licenses (MTLs) in Illinois and Missouri. These approvals allow the company to directly facilitate cryptocurrency transactions in both states, expanding its reach while ensuring compliance with financial regulations. A Money Transmitter License (MTL) is an important regulatory requirement for financial service providers operating in the U.S., allowing businesses to process money transfers while adhering to consumer protection laws. With these new approvals, Transak can now offer fiat-to-crypto transactions without relying on external intermediaries, improving efficiency and security for users. “Securing two Money Transmitter Licenses in such a short span is a testament to the team’s commitment to regulatory excellence and user trust. By securing Money Transmitter Licenses across key states like Illinois and Missouri, we are ensuring a trusted and compliant environment for users, businesses, and developers who rely on our payments infrastructure.” —Bryan Keane, Compliance Officer (Americas) at Transak Expanding services in Illinois and Missouri Illinois has long been a hub for blockchain innovation, with initiatives like the Illinois Blockchain Initiative (IBI) and research institutions such as the University of Illinois driving adoption. With its new MTL, Transak can support businesses, developers, and individuals engaging in decentralized finance (DeFi), blockchain gaming, and other digital asset applications in the state. Missouri, known for its growing fintech sector and increasing interest in cryptocurrency adoption, also presents new opportunities. The approval allows Transak to serve…
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