Transak, a global leader in Web3 payments infrastructure, is proud to announce its Canadian entity’s (Transak Canada) official registration with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

Transak, a leading global Web3 payments infrastructure provider, is thrilled to announce that its U.S. entity, Transak USA LLC, has successfully acquired its second Money Transmitter License (MTL), this time from the State of Delaware. Transak secured its first MT license from the Alabama Securities Commission a month ago and this recent milestone reinforces Transak’s commitment to regulatory compliance and commitment to broadening its presence in the   U.S. market.

Running a global crypto-related business is like playing “floor is lava” — you take one wrong step into the regulatory hot zone, and you’re out.

Transak USA LLC establishes itself as a fully licensed financial institution in Alabama, with more state licenses forthcoming.

Hawaii has recently adopted a more welcoming stance towards cryptocurrency. As the Aloha State ventures further into the world of cryptocurrencies and blockchain technology, Transak is thrilled to announce its official launch in Hawaii, providing a much-needed gateway to Web3 for individuals and businesses alike.