Odaily Planet Daily News: MyStonks, a decentralized US stock token trading platform, announced that the platform has obtained the MSB (Money Services Business) license issued by the US Treasury Department's Financial Crimes Enforcement Network (FinCEN), officially obtaining compliance operation qualifications in the United States and its overseas territories. MyStonks has become one of the international digital securities platforms that has recently received regulatory approval in the United States. The MSB license in the United States is uniformly regulated by FinCEN and is a federal level 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 comprehensive anti money laundering (AML) compliance system. This license is not only a legal prerequisite for US and international financial service companies to conduct currency exchange, fund transfer, payment settlement, virtual currency and other businesses, but also an important qualification for enterprises to expand their global markets and connect with the international financial system.
