Currency.com Expands Regulatory Reach with Tennessee License

Achieving a significant milestone, Currency.com has secured approval to function as a money transmitter in Tennessee. This achievement represents the company's 31st U.S. Money Transmitter License (MTL) and moves it closer to its objective of obtaining full licensure across all fifty states. This regulatory endorsement enhances Currency.com’s access to the American market and aligns with a broader growth strategy focused on preparing for upcoming national crypto legislation. Tennessee holds particular importance due to its supportive crypto initiatives established since 2022.

Expanding globally while ensuring compliance, Currency.com operates in over 100 countries and maintains regulatory approvals in regions such as the U.S., the European Union, and the Middle East. The platform integrates digital asset management, investment services, and banking functionalities under one regulatory umbrella. With 31 state licenses already in place, the firm plans to intensify its application process in the remaining states. To support this expansion, Currency.com is establishing local compliance and operations teams, aiming to offer comprehensive services to both institutional and individual clients within a fully regulated framework.

The appointment of Carlos Miguel Catarino Martins as the new Money Laundering Reporting Officer (MLRO) in Gibraltar underscores Currency.com's commitment to robust compliance infrastructure. Bringing over three decades of expertise in financial regulation and compliance, Martins possesses extensive knowledge in both traditional banking and digital finance oversight. His previous roles include senior positions at Credit Suisse (Gibraltar) Limited and SG Hambros Bank, along with his recent position as Chief Compliance Officer and MLRO at another DLT-licensed entity in Gibraltar. Beyond his professional accomplishments, Martins contributes academically by lecturing at the University of Gibraltar on subjects like business law and intercultural management. At Currency.com, he will spearhead anti-money laundering efforts and regulatory compliance activities, directly reporting to the senior executive team from the Gibraltar office.

By securing licenses and enhancing compliance measures, Currency.com demonstrates its dedication to fostering trust and reliability in the digital finance sector. As the regulatory landscape evolves, companies that prioritize compliance and innovation are poised to lead the industry forward, promoting secure and transparent financial practices that benefit users worldwide.