RedotPay expands global crypto payments with new licences
RedotPay has secured new regulatory registrations and a licence across Canada, the United States and Argentina as it builds out compliance infrastructure for digital asset payments and related fiat services.
The stablecoin-based payments firm has registered as a Money Services Business in Canada and with the US Financial Crimes Enforcement Network (FinCEN). It has also obtained a Virtual Asset Service Provider (VASP) licence in Argentina. RedotPay described the milestones as part of a multi-jurisdictional framework covering custody, on- and off-ramps, and cross-border transaction processing.
Under the FinCEN registration, RedotPay will not provide services to US citizens. It described the US registration as an operational and infrastructure hub for global processing.
RedotPay operates a consumer app for managing and spending digital assets and reports more than 6 million registered users in over 100 countries.
Canada focus
The Canadian registration supports plans for more localised fiat services, including e-wallets and local currency payouts in Canadian dollars.
RedotPay cited market research forecasting growth in Canada's prepaid card and digital wallet segment, projecting it would reach USD $26.26 billion in 2026, driven by consumer demand and corporate adoption of digital payments.
In practice, a Canadian Money Services Business registration can cover activities such as money transfer, foreign exchange dealing and certain payment services, depending on the business model. Companies operating under the framework also face requirements around anti-money laundering controls, record keeping and reporting.
RedotPay said it pairs local registrations with centralised processing, allowing it to tailor products to specific markets while maintaining common operational controls.
Latin america
Argentina is a key market in RedotPay's Latin America plans. The company expects inflationary conditions to continue driving interest in crypto payments and described the country as a high-demand region for digital asset use.
Under the VASP licence, RedotPay plans to launch localised crypto custody and fiat integration in Argentina in 2026. It also plans to work with local payment providers to support fiat pay-ins and payouts alongside crypto custody and transfer services.
VASP regimes typically set requirements for registration, reporting and internal controls, and provide a framework for supervising businesses that offer custody, exchange, transfer, or related digital asset services.
US infrastructure
RedotPay said its FinCEN registration is intended for cross-border transaction processing and internal operational infrastructure. The US entity would support crypto on-ramps, off-ramps and remittance flows for its global user base, while excluding services for US citizens.
FinCEN registers money services businesses for anti-money laundering oversight. The regime focuses on programme requirements, reporting, and controls for financial crime risk, rather than serving as a product approval process.
Compliance build-out
Digital asset payment providers have faced growing scrutiny from regulators in multiple regions. Firms that combine stablecoins, wallet services and cross-border transfers often navigate overlapping obligations across consumer protection, payments regulation and financial crime rules.
RedotPay said the latest registrations and licensing are part of a broader compliance build-out for its payment products. Chief Executive Officer and Co-founder Michael Gao said the developments are central to the company's international plans.
"Securing and maintaining robust regulatory frameworks across Argentina, Canada and the U.S. is a major step forward in our global compliance and expansion strategy. By combining localized licenses with a strong centralized operational hub, we are positioned to bring utility, security, and regulated digital asset payment solutions to our RedotPay community worldwide," Gao said.
RedotPay said its 2026 roadmap includes launching Canadian dollar payouts through e-wallets in Canada and rolling out custody, transfer and fiat integration services in Argentina under its VASP framework.