Web3 payment platform Transak has obtained MSB license in Canada and MTL license in Delaware, USA

ChainCatcher news, the Web3 payment platform Transak has registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and in the United States, it has obtained a Money Transmitter License (MTL) in Delaware.

The FINTRAC registration recognizes Transak Canada as an MSB, requiring the company to comply with strict Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) standards.

In the United States, Transak USA LLC has obtained its second state-level MTL, this time in Delaware, after the company received its first license in Alabama in September. The Delaware license allows Transak to offer regulated crypto services to residents and businesses in the state, including the purchase and transfer of digital assets.