Company updates

CEX.IO Acquires Money Transmitter License in Arkansas

, August 14, 2023

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.

The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility. 

Related

Company updates

Outstanding Events Where to Learn about Blockchain in November 2018

Moving forward at the high speed, the cryptocurrencies and blockchain develop into the innovative system that may significantly improve the business processes and community life. If you’d like to learn more about the technology that is said to bring the revolution, you should definitely visit one of these conferences

Jun 26, 2018 | 12 min read
Company updates

Important Information Regarding Signature Bank Closure

We understand that you may have concerns about shutdown of Signature Bank. We’d like to reassure you that all funds held with CEX.IO are safe. No dollars were lost as the result of this event. 

Mar 13, 2023 | 2 min read
Company updates

Blockchain Conferences Digest: Winter 2017/2018

2018 is still far away, but the blockchain technology world is already preparing for the new conferences season. To let you find out about the top conferences and be the early birds who are able to buy tickets at a lower price, we are starting this digest already now.

Aug 28, 2017 | 23 min read