ChainCatcher news, 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.
FINTRAC's registration acknowledges 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 a second state-level MTL, this time in Delaware, following the company's first license in Alabama received in September. The Delaware license allows Transak to provide regulated crypto services to residents and businesses in the state, including the purchase and transfer of digital assets.
