Alchemy Pay’s South Carolina License: A Comedy of Compliance and Crypto!

by
  • Alchemy Pay nails the South Carolina license, now licensed in ten states. 🎉
  • New MTL lets Alchemy Pay expand fiat-crypto services with full compliance. 🤑
  • Global push continues as Alchemy Pay eyes MiCA and Hong Kong next. 🌍

Alchemy Pay has hit another hilarious milestone. The global fiat-crypto payment gateway has been granted a Money Transmitter License (MTL) in South Carolina. This license is a big deal, folks, as it expands Alchemy Pay’s legal bases in the United States. It’s like getting a gold star in the world of compliance! 🌟

New MTL Lets Alchemy Pay Expand Fiat-Crypto Services

Alchemy Pay has now racked up MTLs in 10 states in the U.S. These states are Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, and now South Carolina. This shows that Alchemy Pay isn’t just playing around with U.S. regulations; they’re serious about establishing trust among the regulators. It’s like they’re the good kids in the class, always raising their hand and saying, “Pick me, pick me!” 🙋‍♂️

With the South Carolina MTL, Alchemy Pay can offer a range of money services, including sending and receiving electronic money, selling stored value, and processing payments. They also handle foreign money exchange and other licensed money operations. It means Alchemy Pay can now offer its fiat-crypto ramps in South Carolina without breaking any laws or getting into hot water. 🌞

It’s a great time to see such progress. The U.S. is starting to offer crystal-clear guidelines on digital assets, as seen with the recent creation of the GENIUS Act and the growing popularity of real-world asset representations. With this new license, Alchemy Pay is staying ahead of the game, like a chess grandmaster in a world of checkers. 🏆

According to the CEO, the license shows their commitment to compliance. Through it, Alchemy Pay will extend its business in the United States and make it easier to connect traditional money with blockchain. This move will also support their new projects, like a new RWA platform launching in August. The blockchain will offer tokenized stocks and ETFs, which people can buy with regular money. They’re planning to team up with Backed and xStocks to introduce the first batch of 60 tokenized assets. With the MTL in place, Alchemy Pay can make this launch smoother than a silk tie. 🢃

Company Prepares for MiCA Rules, Targets Hong Kong Licenses Next

Beyond the U.S., Alchemy Pay is expanding its global footprint. They hold an Authorized Payment Institution License in the UK, are a Digital Currency Exchange Provider in Australia, and are part of the VQF in Switzerland, recognized by FINMA. They’re also a Money Services Business in Canada and are licensed to offer electronic financial services in South Korea. These approvals show that Alchemy Pay is all about following the rules, no matter where they go. 📜

Alchemy Pay has even bigger plans. They’re working on introducing a stablecoin and developing Alchemy Chain, a blockchain for stablecoin-based global payments. Good licenses will help them push these ideas with more trust and safety. It’s like they’re building a fortress of compliance around their innovative ideas. 🏰

Meanwhile, Alchemy Pay is gearing up for new regulations in Europe, including MiCA, the crypto regulation in Europe. They’re also looking to acquire more licenses in Hong Kong and other major markets. Acquiring the South Carolina license isn’t just about paperwork; it shows that Alchemy Pay is ready to play a significant role in the new generation of payments. As they roll out new products and expand their license portfolio, they aim to bridge the gap between the old and new financial worlds. 🌉

Read More

2025-07-12 00:21