Alchemy acquires money services license in Iowa, expanding U.S. services

According to Cointelegraph, Alchemy Pay, a Singaporean cryptocurrency payment gateway, announced that it has successfully obtained a currency service license in Iowa, USA, further expanding its US market. Previously, the company had obtained a currency transfer license in Arkansas. In the field of encrypted payments in the United States, Alchemy Pay emphasizes compliance with regulatory frameworks and plans to apply for currency transfer licenses in more US states, while also considering licenses in the UK and Hong Kong. Alchemy Pay has conducted business in 173 countries using payment methods such as Visa, Mastercard, mobile wallets, and domestic transfers. The company stated that it will continue to actively expand its business and adhere to compliance requirements.