Singapore-based cryptocurrency cost supplier Alchemy Pay has efficiently acquired an Digital Monetary Enterprise registration in South Korea.
On 5 February 2025, Alchemy Pay revealed that its strategic growth in Korea aligns with its mission to develop its crypto providers worldwide.
Commenting on the event, Ailona Tsik, CMO of Alchemy Pay stated, “As a pivotal hub in Asia for each conventional finance and digital forex adoption, Korea represents an incredible alternative for Alchemy Pay’s long-term progress.”
Alchemy Pay goals to safe 20 regulatory licenses globally.
Large transfer in Korea! #AlchemyPay simply secured an Digital Monetary Enterprise registration after investing in EZPG Co., Ltd. This opens the door for partnerships with native powerhouses like KakaoPay, Naver Pay, & PAYCO, paving the way in which for seamless crypto-to-fiat exchanges in… pic.twitter.com/HEZ6ZZbURC
— Alchemy Pay|$ACH: Fiat-Crypto Cost Gateway (@AlchemyPay) February 5, 2025
Growth By way of Strategic Funding In South Korea’s EZPG Co
Alchemy Pay secured this registration by investing in EZPG Co Ltd, a distinguished South Korean digital finance platform.
The funding enabled Alchemy Pay to amass EZPG’s regulatory certification underneath the act which is ruled by South Korea’s Monetary Supervisory Service (FSS), the nation’s high monetary regulatory physique.
“We’re excited to work alongside native companions to supply enhanced, localized cost options that cater to the wants of Korean shoppers and companies,” stated Tsik. “This transfer additional solidifies Alchemy Pay’s dedication to increasing our international presence whereas adhering to native regulatory requirements.”
Discover: Africa Crypto Week in Evaluation: Alchemy Pay invests in Africa
Alchemy Pay Expanded Providers To Australia
On 27 January 2025, the corporate introduced its approval from he Australian Transaction Stories and Evaluation Centre (AUSTRAC), the company accountable for overseeing anti-money laundering (AML) and counter-terrorism financing (CTF) rules.
Tsik stated, “We’re excited to convey our providers on to Australian customers, committing to regulatory engagement for authorized compliance, stakeholder trust-building, and efficient danger administration in Australia.”
Extra not too long ago, the corporate efficiently registered as a Cash Providers Enterprise with FINTRAC in Canada and expanded its North American footprint by securing eight Cash Transmitter Licenses (MTLs) throughout the US.
Discover: Alchemy Pay Secures AUSTRAC Approval. Greatest Crypto To Purchase!
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