Transak Receives Alabama Money Transmitter License

- Web3 infrastructure provider Transak has received its first money transmitter (MTL) license from the Alabama Securities Commission.

- This will allow the company to legally conduct cryptocurrency transactions in the state.

- Transak already has licenses in nearly 46 states, but still has a long way to go to fully cover the US.

- Regulatory requirements in the US are becoming increasingly strict, and this license helps Transak comply.

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