Big news in the crypto payments space: Alchemy Pay has officially secured a Money Transmitter License (MTL) in South Dakota, marking a major milestone in its U.S. regulatory journey. This approval expands the company’s compliant operations to 13 states across the country, reinforcing its strategic presence in the North American financial ecosystem.
Expanding Across U.S. Jurisdictions
The South Dakota license is part of a broader push to establish a fully compliant footprint across key U.S. markets. With applications actively underway in multiple states, Alchemy Pay is strengthening its ability to offer regulated payment services and forge partnerships with financial institutions, fintech platforms, and digital asset firms.
- Now authorized in 13 U.S. states for money transmission
- Actively pursuing additional state-level licenses
- Building robust regulatory engagement frameworks
A Global Compliance Infrastructure Takes Shape
Over the past year, Alchemy Pay has made significant regulatory progress internationally, securing critical approvals in Australia, South Korea, Switzerland, and Hong Kong. These achievements are paving the way for a seamless, compliant cross-border payment network.
By aligning with local financial regulations worldwide, the company is enhancing trust among users and institutional partners alike. Looking ahead, Alchemy Pay remains committed to regulatory excellence, driving the integration of digital assets into mainstream finance with security, transparency, and scalability.