ROBESONIA, Pa., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc., a Nevada corporation (OTC: BCDS), today announced that it has officially submitted its application to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) to register as a Money Services Business (MSB) under the Bank Secrecy Act (BSA). While the application has been formally accepted, the company anticipates receiving its BSA ID within the next two weeks, marking a major milestone in its pursuit of full regula ...

ROBESONIA, Pa., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc., a Nevada corporation (OTC: BCDS), today announced that it has officially submitted its application to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) to register as a Money Services Business (MSB) under the Bank Secrecy Act (BSA). While the application has been formally accepted, the company anticipates receiving its BSA ID within the next two weeks, marking a major milestone in its pursuit of full regula ...

Core Insights - Blaqclouds, Inc. has integrated an open-source DeFi on-ramp and off-ramp protocol across its ecosystem, enhancing the conversion between fiat and crypto through popular payment systems [3][4][5] - The integration aims to drive real-world usability and mainstream adoption of cryptocurrency, making transactions seamless for both consumers and merchants [6][10] Company Overview - Blaqclouds, Inc. is a leading Web3 infrastructure company focused on bridging traditional finance with decentralized ecosystems, simplifying commerce and payments [7] - The company's flagship applications include ShopWithCrypto.io, ZEUSxPay.io, and Apollo Wallet, which now feature built-in on-ramp and off-ramp functionalities [5][11] Technology and Functionality - The new infrastructure utilizes smart contracts for real-time token bridging and swapping, eliminating friction points associated with external exchanges [4][5] - Users can now purchase digital assets using familiar payment apps and merchants can convert crypto revenue into fiat instantly [5][10] Strategic Goals - The integration is positioned as a significant advancement in the development of Blaqclouds' ecosystem, facilitating a smooth transition between Web2 and Web3 assets [6] - The company emphasizes the importance of eliminating barriers between fiat and crypto without centralized interference [6]

Core Insights - Blaqclouds, Inc. reinstates Shannon Hill as CEO and Chairman, marking a significant milestone in the company's restructuring and commitment to governance and strategic execution [3][5] - The leadership change follows the resolution of governance issues and the conclusion of activities under the previous executive team, with the parent company reestablishing operational oversight [4][6] Governance and Management Transition - The transition involved a comprehensive operational restructuring led by the Board of Directors, forming Blaqclouds, Inc. (Wyoming) as a new parent entity to secure shareholder value [6][7] - Governance has been fully restored, eliminating potential liabilities from previous management and defining the role of Blaqclouds Nevada within the corporate ecosystem [7] Strategic Role and Initiatives - Under Shannon Hill's leadership, Blaqclouds, Inc. (Nevada) will serve as a majority-owned subsidiary of Blaqclouds Wyoming, focusing on two critical financial roles [9] - The company aims to support real-world crypto adoption through initiatives like ShopWithCrypto.io and the ZXUSD stablecoin, enhancing its blockchain-powered financial infrastructure [5][12] Company Overview - Blaqclouds bridges legacy finance with decentralized networks, aiming to simplify crypto spending and unify commerce and payments [10] - Key consumer applications include ShopWithCrypto.io for crypto-to-gift card commerce, ZEUSxPay.io for Web3 payment infrastructure, DEX.ZEUSx.io for decentralized exchange, and ApolloWallet.io for secure blockchain wallet [13]