The decentralized US stock token trading platform MyStonks has officially 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, qualifying it for compliant operations in the United States and its overseas territories. This news not only becomes the focus of the international digital securities industry recently but also marks a solid step for MyStonks in its global compliance layout and international development path. The approval of the MSB license means that MyStonks can legally conduct related financial services within the United States and overseas territories, providing a safe and transparent digital securities trading environment for global users.

MyStonks is a decentralized trading platform focused on the tokenization of US stock assets, dedicated to tokenizing mainstream US stocks and ETFs through blockchain technology, offering fair, transparent, and on-chain verifiable digital securities trading services to global investors. The platform aims to lower investment thresholds and enhance asset liquidity, with all trading data publicly accessible on the blockchain, greatly enhancing user trust.

MyStonks serves global users, supports multi-currency settlement, covers diverse asset classes such as US stocks and ETFs, and continuously launches US stock spot tokens, ETF tokens, and derivatives trading based on the US stock market to meet the needs of different investors. The platform collaborates with globally renowned custodial institutions to ensure that on-chain tokens are backed 1:1 by real assets, safeguarding user asset security. As of now, the number of registered users on the MyStonks platform has exceeded 10,000, and it has launched 150 mainstream US stock and ETF spot tokens, with plans to continuously expand its product line and promote more traditional financial assets on-chain.

The Authority and High Threshold of the US MSB License

The US MSB (Money Services Business) license is uniformly regulated by the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury and is a highly valuable federal-level compliance qualification in the US financial services industry. This license applies to the entire US and its overseas territories, holding high authority and serving as a legal prerequisite for companies wishing to conduct currency exchange, fund transfers, payment settlements, virtual currency, and other related businesses within the United States.

Companies applying for the MSB license must strictly comply with federal regulations such as the Bank Secrecy Act (BSA), establish a comprehensive anti-money laundering and anti-terrorist financing compliance system, designate a dedicated compliance officer, conduct regular employee training, and undergo independent third-party audits, making the threshold extremely high. Licensed companies must also regularly report their operational status to FinCEN, reapply for significant changes, and undergo long-term compliance inspections by regulatory authorities.

The MSB license not only has a high recognition in the US market but is also an important qualification for companies to expand international business and connect with the global financial system. Most banks and payment institutions only cooperate with companies holding an MSB license, and licensed companies find it easier to open corporate accounts and connect with mainstream payment channels. Obtaining the MSB license means that the company has passed the strict financial compliance review in the US, helping to attract the trust of investors, partners, and global users.

The Significance of Obtaining the MSB License

MyStonks' successful acquisition of the US MSB license brings multiple profound significances. First, the platform's compliance and security have been comprehensively enhanced, establishing a compliance system that meets US federal regulations, including mechanisms for anti-money laundering, anti-terrorist financing, customer identity verification, and risk control. The platform will undergo regular audits by regulatory authorities to ensure that business processes are compliant and transparent, providing a safer and more reliable digital securities trading environment for global users.

Secondly, the MSB license provides a solid foundation for MyStonks to operate legally in the US and overseas territories, laying a compliant groundwork for the platform's future expansion into international markets such as Europe and Asia-Pacific. The platform will use the US market as a starting point to gradually apply for international mainstream financial licenses such as the UK's FCA, the EU's MiCA, Hong Kong's VASP, and Singapore's MAS, building a global compliance network layout.

In addition, obtaining the MSB license greatly enhances MyStonks' brand influence and credibility in the international digital asset industry, making it easier to gain support from banks, payment institutions, partners, and other financial infrastructures, providing users with richer financial services. The platform will also actively participate in international industry associations and standard organizations, contributing to the formulation of industry standards and leading innovation and regulation in the field of digital securities and asset tokenization.

Compliance Development as Core Strategy

Compliance has always been the core strategy for MyStonks' development. The acquisition of the US FinCEN MSB license is an important milestone in the platform's globalization journey. In the future, MyStonks will take this as a starting point, continuously increase compliance investment, actively expand qualifications in global mainstream financial markets, and promote the deep integration of traditional financial assets with the Web3 ecosystem. The platform will drive a dual approach of compliance and innovation to provide global users with a safer, more transparent, and efficient digital securities investment experience, contributing to the healthy and sustainable development of the digital economy.

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