MyStonks Obtains U.S. FinCEN MSB License, Compliance Goes Global in Digital Securities Market

July 9th. The decentralized stock token trading platform MyStonks announced that the platform has acquired the MSB (Money Services Business) license issued by the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), officially obtaining the compliance qualifications for operation in the United States and its overseas territories. MyStonks has become one of the recently approved international digital securities platforms in the United States, marking a significant step for the platform in the global compliance layout. The U.S. MSB license is uniformly regulated by FinCEN and is a highly authoritative federal-level financial compliance qualification. Applying for an MSB license requires strict compliance with federal regulations such as the Bank Secrecy Act (BSA), the establishment of a sound Anti-Money Laundering (AML) compliance system, and has a very high threshold. This license is not only a legal prerequisite for U.S. and international financial service companies to conduct currency exchange, fund transfers, payment settlements, virtual currency, and other businesses but also an important qualification for enterprises to expand into global markets and connect to the international financial system. MyStonks stated that obtaining the MSB license this time will be based on compliance and will continue to deeply cultivate the global digital securities market, providing users with more secure and transparent on-chain trading services and promoting the deep integration of traditional financial assets with the Web3 ecosystem.