According to ME News, on June 24 (UTC+8), crypto payment company Alchemy Pay announced it has obtained a Money Transmitter License from the state of Illinois, USA. As a key state home to Chicago, a global financial hub, Illinois is regarded as a vital market for fintech and digital asset development in the U.S. With this approval, Alchemy Pay now holds 18 state-level money transmission licenses in the U.S., further strengthening its compliance capabilities in core American markets and supporting the development of its stablecoin payment blockchain, Alchemy Chain. (Source: Foresight News)
Alchemy Pay Obtains Illinois Money Transmitter License, Expanding U.S. License Coverage to 18 States
KuCoinFlashShare
Summary
Alchemy Pay announced on June 24 that it has obtained a money transmitter license in Illinois, expanding its U.S. licensing footprint to 18 states. As a major financial hub, Illinois enhances Alchemy Pay’s presence in the digital asset market. The company continues to build its compliance infrastructure to support its stablecoin payment network, Alchemy Chain. With advancing regulatory progress, altcoins to watch may include projects with strong institutional and compliance backing.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.