Transak, a provider of Web3 payments infrastructure, has obtained a Money Transmitter License (MTL) from the Alabama Securities Commission. This license allows Transak to conduct cryptocurrency transactions legally in Alabama, marking a significant milestone in the company's expansion into the United States. While Transak is now licensed to operate in 46 states, there are still some regulatory hurdles to overcome before it can cater to all US users. Obtaining state-level licenses is crucial for Transak to offer its services to US residents as a registered Money Service Business. The recent license acquisition aligns with Transak's commitment to complying with US financial regulations and ensuring the safety of all crypto transactions. By enhancing its services in Alabama, Transak aims to provide faster transactions and improved request fulfillment to residents. The company's focus on regulatory compliance reflects the increasing stringency of US market requirements, with the latest license enabling Transak to meet these demands and expand its offerings to decentralized applications in states like Alabama. Read more AI-generated news on: https://app.chaingpt.org/news