Alchemy Pay announced securing four new money transmitter licenses in the states of Minnesota, Oklahoma, Oregon, and Wyoming.
New Alchemy Pay Licenses in the US
Alchemy Pay is expanding its operations in the United States with new licenses in four states. These licenses add to those previously obtained in Arkansas, Iowa, New Hampshire, and New Mexico.
Significance of the New Licenses
The company can now offer its cryptocurrency exchange services, such as on-ramp and off-ramp, to residents and businesses in the new licensed regions. Alchemy Pay is rolling out services in stages to comply with state requirements.
Licensing Process and Future Plans
The process of obtaining licenses can take several months to a year, depending on state requirements. Alchemy Pay does not anticipate major changes with the new US administration and plans to continue developing its operations according to established standards.
Alchemy Pay continues to expand its presence in the US, aiming to offer users more opportunities to work with cryptocurrencies while maintaining high levels of standardization and regulatory compliance.
