Crypto payment infrastructure provider, Transak, has obtained Money Transmitter Licenses in Illinois and Missouri, allowing it to operate independently in these states. The licenses will enable Transak to facilitate fiat-to-crypto transactions without delays and offer tailored payment solutions to local businesses. By operating under state-specific financial regulations, Transak strengthens consumer protection and can collaborate with financial institutions that prefer working with fully licensed providers. With licenses in Illinois and Missouri, Transak can expand its services to include remittance solutions, payroll processing, and direct cross-border payments within a compliant framework. Transak continues to pursue state licenses in the US market, demonstrating its commitment to regulatory compliance and expanding its presence in the country.



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