SINGAPORE, April 25, 2024 /PRNewswire/ -- DECODE Group's
subsidiary, Decode Digital Markets USA Inc, has officially obtained a Money
Services Business (MSB) registration license from the Financial
Crimes Enforcement Network (FinCEN) in the United States. This achievement marks a
significant milestone in the group's compliance and professionalism
in the global financial services market. It also consolidates
DECODE Group's leading position in the global financial market.
The new license covers all 50 states and territories of
the United States, allowing Decode
Digital Markets USA Inc to provide
a range of financial services including check cashing (including
traveler's and money orders), dealing in foreign exchange, issuing
money orders, issuing traveler's checks, money transmission,
selling money orders, prepaid access and traveler's checks. This
registration adds significant legitimacy and operational breadth to
DECODE Group's activities in the U.S. and globally.
Decode Global's CEO Ivan
Lew said, "obtaining the U.S. MSB registration license
is a crucial step in DECODE Group's global strategy. It not only
allows us to serve in the U.S. market but also assures our clients
of higher standards of financial services. We look forward to
further expanding our market share and continuing to drive
financial technology innovation, all while adhering to U.S. and
international financial regulatory standards."
As a global financial services company, DECODE Group is
dedicated to delivering innovative financial solutions and
services. The company operates in multiple countries and regions,
each of which has obtained the necessary financial licenses and
certifications to ensure safe and reliable services for global
clients.
With the acquisition of the U.S. MSB license, DECODE Group is
set to further expand its service capabilities worldwide. In the
future, the group plans to explore new markets and seek similar
registrations or licenses in other countries to support and enhance
its financial services worldwide.
About DECODE Group
DECODE Group is a leading international financial services
conglomerate, established in 2004 with its central headquarters
located in Sydney, Australia. The
group holds multiple financial licenses across various countries,
including an Australian Financial Services License, and is
authorized to provide financial services. DECODE Group operates
under the stringent regulatory oversight of esteemed bodies,
notably the Australian Securities and Investments Commission
(ASIC).
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