MyStonks, a decentralized US stock token trading platform, officially announced that it has obtained the MSB (Money Services Business) license issued by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department, and has obtained the compliance operating qualifications in the United States and its overseas territories. This news has not only become the focus of the international digital securities industry recently, but also marks that MyStonks has taken a solid step in its global compliance layout and international development. The approval of the MSB license means that MyStonks can legally carry out related financial services in the United States and overseas territories, providing global users with a safe and transparent digital securities trading environment.
MyStonks is a decentralized trading platform focused on the tokenization of U.S. stock assets. It is committed to tokenizing mainstream U.S. stocks and ETF assets through blockchain technology, and providing fair, transparent, and on-chain verifiable digital securities trading services to global investors. The platform aims to lower the investment threshold and improve asset liquidity. All transaction data is publicly available on the blockchain, which greatly enhances user trust.
MyStonks serves global users, supports multi-currency settlement, covers diversified asset categories such as US stocks and ETFs, and continues to launch US stock spot tokens, ETF tokens and derivatives trading based on the US stock market to meet the needs of different investors. The platform cooperates with well-known global custodians to ensure 1:1 real asset custody of on-chain tokens and protect user asset security. As of now, the number of registered users on the MyStonks platform has exceeded 10,000, and 150 mainstream US stocks and ETF spot tokens have been launched. In the future, the product line will continue to expand and promote more traditional financial assets to be on the chain.
The US MSB license is authoritative and has a very high threshold
The US MSB (Money Services Business) license is uniformly supervised by the Financial Crimes Enforcement Network (FinCEN) under the Treasury Department. It is a federal-level compliance qualification with great value in the US financial services industry. This license is applicable to the entire United States and overseas territories. It is highly authoritative and is a legal prerequisite for companies that want to conduct currency exchange, fund transfer, payment settlement, virtual currency and other related businesses in the United States.
Companies applying for MSB licenses 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 full-time compliance officers, conduct regular employee training, and accept independent third-party audits. The threshold is extremely high. Licensed companies must also regularly report their operations to FinCEN, re-report any major changes, and accept long-term compliance inspections by regulators.
The MSB license is not only highly recognized in the U.S. market, but is also an important qualification for companies to expand their international business and connect to the global financial system. Most banks and payment institutions only cooperate with companies holding MSB licenses, and licensed companies are more likely to open corporate accounts and connect to mainstream payment channels. Obtaining an MSB license means that the company has passed the strict financial compliance review in the United States, which helps to attract the trust of investors, partners and global users.
The significance of obtaining an MSB license
MyStonks successfully obtained the US MSB license, which has brought multiple far-reaching significance. First, the platforms compliance and security have been comprehensively improved, and a compliance system that complies with US federal regulations has been established, including anti-money laundering, anti-terrorist financing, customer identification and risk control. The platform will be regularly audited by regulatory authorities to ensure compliance and transparency of business processes, and provide 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 United States and overseas territories, and also lays a compliance foundation for the platform to expand into international markets such as Europe and Asia Pacific in the future. The platform will take the US market as a starting point and gradually apply for international mainstream financial licenses such as the UK FCA, EU MiCA, Hong Kong VASP, Singapore MAS, and build a global compliance network layout.
In addition, obtaining the MSB license has greatly enhanced MyStonks brand influence and credibility in the international digital asset industry. In the future, it will be easier to obtain support from financial infrastructure such as banks, payment institutions, and partners, and provide users with richer financial services. The platform will also actively participate in international industry associations and standard organizations, assist in the formulation of industry standards, and lead innovation and standardization in the field of digital securities and asset tokenization.
Compliance development is the core strategy
Compliance has always been the core strategy of MyStonks development. The acquisition of the US FinCEN MSB license by MyStonks is an important milestone in the platforms globalization journey. In the future, MyStonks will take this as a starting point, continue to increase compliance investment, actively expand the qualifications of the global mainstream financial market, and promote the deep integration of traditional financial assets and the Web3 ecosystem. The platform will bring a safer, more transparent and efficient digital securities investment experience to global users through the dual-wheel drive of compliance and innovation, and promote the healthy and sustainable development of the digital economy.
