Transak expands stablecoin services with 5 new US state licenses
Crypto Briefing
Transak obtained money transmitter licenses in five new US states to expand its regulated fiat-to-crypto services.Summary
Transak, a stablecoin payment company, has successfully secured money transmitter licenses in five additional US states: Iowa, Kansas, Michigan, South Carolina, and Vermont. This expansion allows Transak to extend its regulated fiat-to-crypto access across a broader geographical area within the United States. The acquisition of these state-specific licenses underscores the complex, state-by-state compliance framework that crypto firms must navigate to offer stablecoin operations and build infrastructure for wider fiat-to-crypto accessibility amid growing regulatory oversight.
(Source：Crypto Briefing)