CEX.IO Acquires Money Transmitter License in Arkansas

Despite the states being “united,” the U.S. is not a monolith. Due to the country’s founding principles of federalism, each of the 50 states maintains a certain level of independent sovereignty within its borders. Historically, the benefits of this divide have cut both ways. 

From a business/legal perspective, it makes the notion of a one-size-fits-all approach to the country somewhat of a non-starter. But despite the challenges facing companies looking to operate and empower users in the U.S. to explore the crypto ecosystem, we remain committed. As a testament to our dedication, we’re pleased to announce that CEX.IO has officially received its Money Transmitter License (MTLs) for the state of Arkansas. 

For those keeping score at home, CEX.IO has been steadily growing its footprint in the U.S. by acquiring additional licensure. Not only does this help our efforts remain in good standing with local regulators, but it enshrines our services for a broader swath of the population. By working closely with the Arkansas Securities Department to ensure compliance with the Arkansas Uniform Money Services Act, CEX.IO was able to clear all necessary hurdles required to operate as a money services business (MSB).​​ Now, Arkansans and Arkansawyers alike can discover our award-winning product ecosystem from the comforts of home.

While some services, such as Staking and Savings, remain suspended for all U.S.-based users, residents of the Natural State can still access key nodes of our product ecosystem. Instant Buy/Sell functions remain hallmark services on our legacy platform, and pair intuitively with our time-tested custodial wallet infrastructure. Whether you back the Rhinestone Cowboy or the Man in Black, our vetted selection of available digital asset markets is sure to have something that matches your get up.

As we forge this new relationship, and continue to deepen our U.S. presence, we look forward to understanding how best to serve the country’s diverse needs. We welcome the unique perspectives and challenges this process will reveal, and remain dedicated to the continued refinement of our proprietary offerings. Even if it means going one state at a time.

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.

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