According to official news, the MSB financial license application submitted by BITAI, an AI smart crypto exchange based on Web3, to FinCEN of the U.S. Treasury Department has been approved and officially obtained the MSB financial license (registration number: 31000269080016).
The U.S. Treasury Department and the Securities and Exchange Commission have clearly emphasized that virtual currency exchanges and their managers must register for an MSB license with FinCEN to engage in digital asset-related businesses in the United States. The U.S. MSB license is a financial license supervised and issued by the Financial Crimes Enforcement Agency, an agency under the U.S. Treasury Department. The main regulated objects are businesses and companies related to money services.