MyStonks Obtains U.S. FinCEN MSB License, Compliance Goes Global in Digital Securities Market
BlockBeats News, July 9th. Decentralized stock token trading platform MyStonks announced that the platform has obtained the MSB (Money Services Business) license issued by the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), officially obtaining compliance qualifications for operation in the United States and its overseas territories. MyStonks has become one of the recently approved international digital securities platforms in the United States, marking a key step for the platform in global compliance layout. The U.S. MSB license is uniformly regulated by FinCEN and is a highly authoritative federal-level financial compliance qualification.
Applying for an MSB license requires strict compliance with federal regulations such as the Bank Secrecy Act (BSA), the establishment of a sound Anti-Money Laundering (AML) compliance system, and has a very high threshold. This license is not only a legal prerequisite for U.S. and international financial service companies to conduct currency exchange, fund transfers, payment settlements, virtual currency, and other businesses, but also an important qualification for enterprises to expand into global markets and connect to the international financial system. MyStonks stated that obtaining the MSB license this time will be based on compliance, continue to deeply cultivate the global digital securities market, provide users with more secure and transparent on-chain trading services, and promote the deep integration of traditional financial assets with the Web3 ecosystem.
You may also like
Gainers
Latest Crypto News
Ethereum briefly drops below $2,800
In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
Strategy establishes a $1.44 billion Dividend Reserve Fund to pay dividends and debt interest
Suspected "1011 Insider Whale" accumulated 77,385 ETH in the past 2 hours
Berenstein: Crypto Company Fundamentals "Remain Strong," Current Bear Market Decline Shows Fundamental Differences
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]