Rewards Hub Hong Kong-based stablecoin payment unicorn RedotPay has announced its registration as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN). The company stated that this registration will enhance its global payment infrastructure and support cross-border transaction processing. RedotPay clarified that the MSB registration is solely for internal operations and cross-border payment processing, and does not involve providing services to U.S. citizens.
RedotPay Secures FinCEN MSB Registration for Cross-Border Payments
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