Alchemy bags money services license in Iowa, expands US services

The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. 

According to local state regulations, any entity or individual engaged in currency exchange or money transmission business in Iowa must hold such a license.

In September, the company received its money transmitter license (MTL) in Arkansas. The company says it has already completed the application for MTL licenses in additional U.S. states and anticipates answers in the coming months.

Alchemy Pay Ecosystem Lead Robert McCracken spoke to Cointelegraph about the development, saying that in…

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