Alchemy Pay obtains new MTL license in South Dakota, expanding its business operations to 13 states in the US

DAOTruant · 2026-01-28T21:12:49+00:00

Alchemy Pay has obtained a money transfer license in South Dakota, expanding its operations to 13 U.S. states. This marks a significant milestone, demonstrating the company's commitment and adaptability within North America's regulatory landscape.

DAOTruant

2026-01-28 21:12:49

Abstract generation in progress

Alchemy Pay has obtained a Money Transmitter License (MTL) authorization from South Dakota, USA. This development expands the company’s operational scope to 13 states within the United States, demonstrating steady progress in regulatory compliance in the North American market. This news, reported by PANews on January 15, marks an important milestone for a payment gateway company bridging fiat currency and cryptocurrencies, in terms of market expansion.

Strategic Significance of Obtaining the License in South Dakota

The approval of the MTL license in South Dakota symbolizes Alchemy Pay’s full-fledged commitment to the US market. Complying with different money transfer license requirements across states is a significant challenge for crypto-related companies, and South Dakota’s authorization showcases the company’s ability to adapt to this complex regulatory environment.

Expansion to 13 US States and Its Implication for Network Effects

Currently, Alchemy Pay holds MTL licenses across 13 states in the US, enabling the company to facilitate fiat and cryptocurrency payments across a broad region. Meeting the regulatory requirements of each state allows the company to access more users and business clients, potentially increasing its influence in the North American market. The license acquisition in South Dakota reflects continuous progress in building this network.

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