---
title: "Alchemy Pay Secures Mississippi Money Transmitter License, Reaching 20 US States"
description: "The approval from the Mississippi Department of Banking and Consumer Finance brings the firm's state-level US money transmission footprint to 20 jurisdictions."
url: https://basisdesk.news/news/alchemy-pay-secures-mississippi-money-transmitter-license
published: 2026-11-05T12:56:32.841Z
modified: 2026-11-05T12:56:32.841Z
section: Regulation & Policy
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [ACH, BTC, ETH]
tags: [money transmitter license, payments, regulation, stablecoins, compliance]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Alchemy Pay Secures Mississippi Money Transmitter License, Reaching 20 US States

The approval from the Mississippi Department of Banking and Consumer Finance brings the firm's state-level US money transmission footprint to 20 jurisdictions.

## At a glance

- **What happened:** The Mississippi Department of Banking and Consumer Finance granted Alchemy Pay a Money Transmitter License, expanding its US footprint to 20 states.
- **Why it matters:** The license authorizes compliant fiat-to-crypto money transmission in Mississippi and advances the company's infrastructure plans for stablecoin payments.
- **Who is affected:** Alchemy Pay, its integration partners, and digital asset users conducting fiat-crypto transactions in Mississippi.
- **What's next:** Alchemy Pay has active money transmitter licensing applications under review in additional US state jurisdictions.
- **Status:** in-effect
- **Primary source:** [Alchemy Pay Secures Mississippi Money Transmitter License, Expanding U.S. Regulatory Coverage to 20 States](https://www.prnewswire.com/news-releases/alchemy-pay-secures-mississippi-money-transmitter-license-expanding-us-regulatory-coverage-to-20-states-302930722.html) — PR Newswire

## Key points

- Mississippi Department of Banking and Consumer Finance granted Alchemy Pay a Money Transmitter License.
- Alchemy Pay now holds money transmitter licenses across 20 US states, with further applications under review.
- The authorization supports payment on-ramps and the development of Alchemy Chain, a stablecoin-focused Layer 1 network.

## Editorial remark

- **Context:** Payment processors bridging fiat and digital assets must obtain state-by-state money transmitter licenses to operate compliantly within the US regulatory perimeter.
- **Impact:** Alchemy Pay gains legal standing to process fiat-crypto transactions for residents of Mississippi, expanding domestic coverage for its payments and ramp rails.
- **Watch:** Approvals from pending state-level licensing applications and formal network deployment milestones for Alchemy Chain.

Alchemy Pay received a Money Transmitter License from the Mississippi Department of Banking and Consumer Finance, expanding its authorized US operational footprint to 20 states [1]. The regulatory approval covers fiat-to-crypto and crypto-to-fiat money transmission activities within Mississippi [1]. The firm confirmed that verification of the authorization is available through the NMLS Consumer Access registry [1].

The license acquisition supports the company's efforts to scale payment services and underpin its ongoing infrastructure initiatives, including Alchemy Chain, an upcoming Layer 1 blockchain tailored for stablecoin payments and financial applications [1]. While seeking to expand compliant stablecoin payment channels globally, the company noted that any future stablecoin issuance remains subject to applicable regulatory standards [1]. Additional state licensing applications remain under review across multiple US jurisdictions [1].

## Global Regulatory Footprint

The Mississippi authorization follows a series of regulatory registrations in international financial hubs [1]. Alchemy Pay holds a Digital Currency Exchange Provider registration in Australia, an Electronic Financial Business registration in South Korea, and membership in Switzerland's Financial Services Standards Association (VQF) [1]. In Hong Kong, the payment gateway established virtual asset service capabilities through an investment in SFC-regulated HTF Securities Limited [1].

State-level compliance continues to serve as the baseline requirement for digital asset payment processors operating within the US, reflecting broader industry moves toward regulated payment infrastructure, such as when [Polygon Labs finalized its acquisition of Coinme](https://basisdesk.news/news/polygon-labs-completes-coinme-acquisition-open-money-stack) to secure state-licensed rails [1]. At the time of writing, broader digital asset markets remained steady, with $BTC trading at $79,456 and $ETH at $2,386. Founded in 2017, Alchemy Pay operates crypto on- and off-ramps supporting transactions across 173 countries, alongside its native $ACH utility token on the Ethereum network [1].

## Sources

1. [Alchemy Pay Secures Mississippi Money Transmitter License, Expanding U.S. Regulatory Coverage to 20 States](https://www.prnewswire.com/news-releases/alchemy-pay-secures-mississippi-money-transmitter-license-expanding-us-regulatory-coverage-to-20-states-302930722.html) — PR Newswire, 2026-11-05

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai