Web3 payment platform Transak is registered with Canada’s FINTRAC and has obtained a remittance license in Delaware, USA

Odaily News Web3 payment platform Transak has registered as a money service business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and obtained a second state-level money transmission license (MTL) in Delaware, USA. These developments are intended to enhance Transak's regulatory consistency as it seeks to expand its North American crypto business. It is understood that the Delaware license allows Transak to provide regulated crypto services to residents and businesses in the state, including the purchase and withdrawal of digital assets. Holding multiple MTLs is part of Transak's broader compliance strategy. (Bitcoin.com)