Alchemy Pay Secures Michigan Money Transmitter License
Alchemy Pay has obtained a Money Transmitter License (MTL) from the state of Michigan, expanding its regulated presence in the U.S. to include 19 states. This license enables Alchemy Pay to operate compliantly within one of America's key economic regions and supports its mission to build infrastructure for seamless fiat-crypto transactions. The MTL is essential for businesses handling payment instruments or digital assets in Michigan, covering activities like cross-border remittances and crypto services. The company aims to leverage this license as part of a broader strategy that includes the development of Alchemy Chain—a blockchain platform focused on stablecoin-based payments aligned with evolving global regulations. This regulatory milestone follows other recent approvals across international markets such as Australia, South Korea, Switzerland, and Hong Kong. These developments underscore Alchemy Pay's commitment to compliance-driven expansion in both traditional finance and digital asset ecosystems.