Transak has secured five new Money Transmitter Licenses in Iowa, Kansas, Michigan, South Carolina, and Vermont, expanding its licensed operations to ten U.S. states. The move strengthens its compliance for stablecoin and crypto payments.
With these licenses, Transak can process fiat-to-crypto transactions directly, ensuring faster and more secure service. The firm now supports over 450 partners and 10 million users. Compliance Officer Bryan Keane said the new licenses reaffirm Transak’s commitment to lawful and seamless digital asset movement.
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