Conduit obtains MSB registration with FinCEN to operate in Montana
Conduit Blockchain Technologies has obtained a money services business (MSB) registration from the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) to operate as a money transmitter and a dealer in foreign exchange in the state of Montana.
With this registration, Conduit has continued to expand its product and service offerings for businesses looking to easily facilitate payments within or outside of the US including via stablecoins.
"We're deeply committed to our culture of compliance," said Mark Graves, Chief Legal & Compliance Officer at Conduit. "This registration is just one example of our dedication to abiding by the regulations of every jurisdiction in which we operate.”