Newland Secures U.S. MSB License for Financial Services Expansion

According to Foresight News, Newland announced on July 3 that it has obtained a U.S. Money Services Business (MSB) license. This federal-level financial compliance license, issued by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, covers activities such as currency exchange, remittances, and digital currency transactions. FinCEN guidelines classify the transmission and receipt of stablecoins as money transmission services, requiring registration for an MSB license and adherence to anti-money laundering obligations. Newland plans to apply for and register payment licenses in other relevant regions as part of its strategy to expand its global business. The company aims to enhance its competitive edge by providing superior, secure, and efficient cross-border financial and payment services to customers worldwide.