Web3 payment platform Transak is registered with FINTRAC in Canada and has obtained a remittance license in Delaware, USA.

Odaily Planet Daily News, Web3 payment platform Transak has registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and obtained a second state-level Money Transmission License (MTL) in Delaware, USA. These developments aim to enhance Transak's regulatory compliance and seek to expand its encryption business in North America. It is understood that the Delaware license allows Transak to provide regulated encryption services to residents and businesses in the state, including purchasing and withdrawing digital assets. Holding multiple MTLs is part of Transak's broader compliance strategy. (Bitcoin.com)