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X’s Latest License Marks a Total of Seven American States It’s Secured Transmitter Licenses In

Twitter, under the name X, has been granted a currency transmitter license by regulators in Rhode Island. This license is necessary for companies involved in financial activities related to sending and receiving money, including both fiat and crypto assets. The approval allows X to custody, transfer, and exchange digital currencies.

This move is part of Elon Musk's plan for X to become an "everything app" that includes crypto and fiat payments, although it is unclear what financial offerings will be available when X rolls out payment features.

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