MyStonks Obtains US FinCEN MSB License, Enters International Digital Securities Market in Compliance

Decentralized U.S. stock token trading platform MyStonks has announced that it has obtained the MSB (Money Services Business) license issued by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, and has officially obtained the qualification to operate in compliance in the United States and its overseas territories. MyStonks has become one of the international digital securities platforms that have recently obtained U.S. regulatory approval. The U.S. MSB license is uniformly regulated by FinCEN and belongs to the federal financial compliance qualification. Applying for an MSB license requires strict compliance with federal regulations such as the Bank Secrecy Act (BSA) and the establishment of a sound anti-money laundering (AML) compliance system. This license is not only a statutory prerequisite for U.S. and international financial services companies to carry out currency exchange, fund transfer, payment and settlement, virtual currency and other businesses, but also an important qualification for companies to expand into the global market and connect with the international financial system. [Odaily Planet Daily]