Alchemy Pay Obtains Mississippi Money Transmitter License, Increasing Total Licensed States to 20

On November 4, according to an official announcement from Alchemy Pay, the company has obtained a Money Transmission License (MTL) from the Mississippi Department of Banking and Consumer Finance. The number of U.S. states where it holds a money transmission license has now increased to 20, with license applications in several other states still under review.

Alchemy Pay stated that this licensing will further expand its compliant payment network in the United States, support exchange services between fiat currencies and cryptocurrencies, and advance its stablecoin business as well as the development of Alchemy Chain, a Layer 1 blockchain focused on stablecoin payments.

In addition, Alchemy Pay has completed its registration as a Digital Currency Exchange Provider (DCEP) in Australia and registered its electronic financial business in South Korea, while also joining the Swiss self-regulatory organization VQF. In Hong Kong, the company has further expanded its virtual asset-related services through investments in HTF Securities Limited, which is supervised by the Hong Kong Securities and Futures Commission.