PANews, July 31: According to PR Newswire, Alchemy Pay announced it has obtained the Money Transmitter License (MTL) from the state of Michigan, USA, increasing its total number of licensed U.S. states to 19. The license permits Alchemy Pay to operate digital wallets, cross-border remittances, payment processing, and cryptocurrency-related services in Michigan. Alchemy Pay stated it will leverage its compliant infrastructure to meet fiat-to-crypto exchange demands and lay the groundwork for its stablecoin strategy and the Alchemy Chain stablecoin settlement network. In addition to its multiple U.S. MTLs, Alchemy Pay has recently obtained registration as a digital currency dealer in Australia, secured electronic financial services licensing in South Korea, and passed the self-regulatory review by Switzerland’s VQF, continuously expanding its global compliance footprint.
Alchemy Pay Obtains Michigan MTL, Expanding Its U.S. License Count to 19
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Summary
Alchemy Pay announced on-chain news of securing a Money Transmitter License (MTL) from Michigan, increasing its U.S. license count to 19. The license enables the company to offer digital wallet services, cross-border remittances, payment processing, and crypto services in the state. Alchemy Pay plans to leverage its compliant infrastructure to meet fiat-to-crypto demand and advance its stablecoin strategy and Alchemy Chain network. The company holds multiple U.S. MTLs, a digital currency trader registration in Australia, electronic financial business qualifications in South Korea, and has passed Switzerland’s VQF review, expanding its global compliance footprint.
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