Singapore-based cryptocurrency payment provider Alchemy Pay has successfully acquired a registration for its electronic finance business in Korea.
5th February 2025, alchemy payment It was revealed The strategic expansion in Korea is consistent with its mission to expand crypto services around the world.
Commenting on the development, Alchemy Pay CMO Ailona Tsik said, “As an Asia's pivotal hub for both traditional financial and digital currency adoption, Korea is a major opportunity for the long-term growth of Alchemy Pay. It represents.
Alchemy Pay is intended to secure 20 regulatory licenses worldwide.
A big move in Korea! #alchemypay After investing in EZPG Co., Ltd, I secured my electronic finance business registration. This opens the door for partnerships with local powers like Kakaopay, Naver Pay and Payco, opening the way for the exchange of Fiat and Fiat from seamless cryptography. pic.twitter.com/hez6zzburc
– Alchemy Payment | $ ACH: Fiat Crypto Payment Gateway (@Alchemypay) February 5th, 2025
Korean EZPG Co. Expanding through strategic investment in
Alchemy Pay has secured this registration by investing in EZPG Co Ltd, a renowned Korean electronic finance platform.
This investment allowed Alchemy Pay to obtain EZPG regulatory certification under laws controlled by South Korea's Financial Supervisory Services (FSS).
“We look forward to working with our local partners to provide enhanced, localized payment solutions that meet the needs of Korean consumers and businesses,” TSIK said. “This move further strengthens alchemy payment commitment to expanding its global presence while adhering to local regulatory standards.”
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Alchemy pays for extension services to Australia
On January 27, 2025, the company announced approval from HE Australia Transaction Report and Analytics Centre (Austrac), which is responsible for overseeing Money Laundering Anti-Money Laundering (AML) and Counterterrorism Financing (CTF) regulations. did.
Tsik said: Australia. ”
Recently, the company has been registered as a money service business with FINTRAC. Canada Expanded North American footprint by securing 8 remittance licenses (MTLs) US.
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