1Money Secures Extensive US and Bermuda Licenses, Paving Way for Global Stablecoin Services
1Money, a prominent stablecoin payment processor, has significantly expanded its operational footprint by successfully acquiring 34 U.S. money transmitter licenses. This substantial regulatory achievement is complemented by the acquisition of a Bermuda Class F digital asset license, collectively enabling the company to officially launch its comprehensive stablecoin orchestration services across key markets.
The move positions 1Money to facilitate compliant and streamlined stablecoin transactions for businesses and institutions, navigating the complex regulatory landscape of digital assets with enhanced authority.
Strategic Regulatory Approvals Unlock Market Potential
The procurement of 34 U.S. money transmitter licenses is a critical milestone, granting 1Money the legal authority to conduct money transmission activities in a majority of American states. This broad coverage is essential for any entity aiming to process stablecoin payments effectively and compliantly within the diverse regulatory environment of the United States. Such licenses are fundamental for ensuring consumer protection and combating illicit financial activities, thereby fostering trust in digital asset transactions.
Furthermore, the Bermuda Class F digital asset license underscores 1Money's international ambitions. Bermuda has emerged as a forward-thinking jurisdiction for digital assets, offering a robust regulatory framework that provides clarity and security for companies operating in the blockchain space. This license allows 1Money to offer a broader range of digital asset services globally, enhancing its credibility and operational reach beyond the U.S. borders. The combination of these approvals signifies a strategic effort to build a globally compliant and scalable platform for stablecoin adoption.