Alchemy Pay Obtains Maine Money Transmitter License for Regulated Remittance Services

Alchemy Pay said it has obtained a money transmitter license in the U.S. state of Maine, authorizing it to conduct regulated remittance activities within the state. According to Foresight News, the license permits Alchemy Pay to provide services involving both fiat currency and virtual currency. The company said the authorization covers services related to receiving funds or monetary value for remittances, including cryptocurrency exchange and custodial activities intended for personal and household use.