The cryptocurrency payment supplier based in Singapore, Alchemy Pay, has managed to acquire an electronic recording of financial companies in South Korea.
February 5, 2025, alchemy remuneration revealed That its strategic expansion in Korea aligns its mission to expand its cryptography services around the world.
Commenting on development, Ailona Tsik, CMO of Alchemy Pay, said: “As a pivot hub in Asia for the traditional adoption of financing and digital money, Korea represents a great opportunity for the long -term growth of Alchemy Pay. “
Alchemy Pay aims to obtain 20 regulatory licenses worldwide.
Big movement in Korea!
#Alchemypay Just guarantee an electronic recording of financial companies after having invested in EZPG Co., Ltd. This opens the door of partnerships with local powers like Kakaopay, Naver Pay and Payco, paving the way for Crypto-to-Fat without seam in… pic.twitter.com/hez6zzburc
– ALCHEMY PAY | $ ACH: Fiat-Crypto Payment Gateway (@Alchemypay) February 5, 2025
Extension thanks to strategic investments in the South Korea EZPG CO
Alchemy Pay obtained this registration by investing in EZPG CO LTD, a prominent South Korean electronic financing platform.
The investment enabled Alchemy Pay to acquire the regulatory certification of EZPG under the law which is governed by the financial supervision service of South Korea (FSS), the first financial regulatory body of the country.
“We are delighted to work alongside local partners to provide improved and localized payment solutions that meet the needs of Korean consumers and businesses,” said Tsik. “This decision further solidifies the commitment of alchemy to extend our global presence while adhering to local regulatory standards.”
Explorer: Africa Crypto Week Review: Alchemy Pay invests in Africa
Alchemy Pay the services extended to Australia
On January 27, 2025, the company announced its approval from the HE Australian Transaction Reports and Analysis Center (Austrac), the agency responsible for the supervision of anti-flowage regulations (AML) and the financing of terrorism (CTF).
Tsik said: “We are delighted to provide our services directly to Australian users, to engage in regulatory commitment to legal compliance, strengthening stakeholders and effective risk management in Australia. “”
More recently, the company has successfully registered as a monetary services company at Fintrac Canada and extended his North American footprint by obtaining eight silver issuer licenses (MTLS) through The United States.
Explore: Alchemy Pay guarantees Austrac approval. Best crypto to buy!
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