Summary
- Transak said it has additionally secured money transmitter license (MTL) in six U.S. states.
- The move means Transak can expand operations in a total of 11 states.
- Transak emphasized that obtaining the new license strengthens the legality of transfers between fiat currency and digital assets.
Stablecoin (a virtual asset whose value is linked to fiat currency) infrastructure company Transak has successfully obtained licenses to expand its services in the United States.
On the 11th (Korean time), virtual asset (cryptocurrency) specialist outlet Cointelegraph reported that Transak has secured a money transmitter license (MTL) in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania.
With this approval, Transak can operate in 11 states, including Arkansas and Delaware.
Brian Kin, Transak's head of regulation, said, "Every time we secure a new license, we get closer to a future where users can move fiat currency and digital assets smoothly and legally."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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