BlueWater Group, a company specializing in the development of tools and technologies applicable to the cryptocurrency and blockchain industry, particularly trading of cryptocurrencies, announced that it has secured the Money Services Business (MSB) License issued by the United States Financial Crimes Enforcement Bureau (FinCEN) which operates under the United States Department of the Treasury.
The MSB License which covers business activities such as currency exchange, money transmissions and the issuance of traveller’s checks will help strengthen BlueWater Group’s cross-border payments infrastructure and represents a significant step forward in the Group’s ambition of becoming a leading firm that provides a comprehensive range of services within the field of blockchain technology and cryptocurrencies.
Securing the MSB License means that BlueWater Group will have greater capability to facilitate financial transactions that are key to its business operations at low-cost, higher speed and greater convenience.
With this MSB License, BlueWater Group aims to expand its partnership network in the North America and Latin America region thereby strengthening its position in markets within the regions.
BlueWater Group stated in a press statement that, “The MSB License is a strategic boost to our long-term development plans and demonstrates our commitment to security, openness, and compliance in all our business activities. We look forward to further providing our clients and partners with safe and compliant services as a registered MSB on FinCEN’s database.”
Company Name: Blue Water Group
Contact Person: Edward Woods
Email: Send Email
Country: United States