Global Cryptocurrency Exchange Echobit Acquires MSB Financial Licenses in the US and Lithuania

Uk Jin

Summary

Global cryptocurrency exchange Echobit has announced that it has acquired MSB financial licenses in the United States and Lithuania.
With this license acquisition, Echobit can now operate legally across all 50 states in the U.S. and throughout Lithuania.
Meanwhile, the MSB license is stated to be an essential qualification for cryptocurrency financial transaction businesses.

Global cryptocurrency exchange Echobit has announced that it has officially acquired MSB (Money Services Business) financial licenses in both the United States and Lithuania.

The MSB financial license is issued and supervised by the Financial Crimes Enforcement Network (FinCEN), which operates under the U.S. Department of the Treasury. This license is essential for companies involved in financial services such as international remittance, foreign exchange, currency trading, transfers (including digital currency/cryptocurrency), prepaid product offerings, and traveler's check issuance, and is mandatory for operating legitimate financial service-related businesses in the United States.

With the acquisition of the MSB financial licenses, Echobit is now able to conduct legal and compliant cryptocurrency financial transactions across all 50 states in the U.S. and throughout Lithuania.