Elon Musk’s X strikes nearer to crypto funds with new state license

Rhode Island’s regulators have granted X (Twitter) a foreign money transmitter license marking a step ahead for the corporate’s foray into the monetary providers sector.

The license is legally required for corporations conducting monetary actions on behalf of customers associated to sending and receiving cash — a definition that features each fiat and crypto property. The approval will permit for X to custody, switch and trade digital currencies.

Proceed Studying on Coin Telegraph