Alchemy Pay Secures Michigan MTL, Expands Regulated US Footprint

Alchemy Pay has secured a Money Transmitter License (MTL) in Michigan, expanding its regulated U.S. footprint to 19 states.

The license allows Alchemy Pay to receive, transmit, or issue payment infrastructure within the state, reinforcing its position as a compliant cryptocurrency-fiat payment gateway.

Michigan is strategically important for establishing the regulatory network of Alchemy Pay across the United States, providing a base for authentication of Alchemy Pay services with involvement from the technological ecosystem and highly connected payment infrastructure.

The Michigan license further ensures Alchemy Pay's ability to facilitate compliant fiat-to-crypto and crypto-to-fiat transactions.