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MyStonks has obtained the MSB license issued by the US FinCEN, officially acquiring compliance operational qualifications.
[Coin World] The decentralized US stock token trading platform MyStonks announced that it has obtained the MSB (Money Services Business) license issued by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury, officially acquiring the compliance operation qualification in the United States and its overseas territories. MyStonks has become one of the international digital securities platforms recently approved by US regulators. The US MSB license is uniformly regulated by FinCEN and belongs to federal-level financial compliance qualifications. Applying for the MSB license requires strict adherence to federal regulations such as the Bank Secrecy Act (BSA) and the establishment of a sound AML compliance system. This license is not only a legal prerequisite for US and international financial service companies to carry out currency exchange, fund transfers, payment settlements, virtual money, and other businesses, but also an important qualification for companies to expand into global markets and connect with the international financial system.