Crypto payments company MoonPay has obtained approval under the Markets in Crypto-Assets (MiCA) Regulations.
The MiCA framework, ratified by the European Parliament in April 2023, aims to establish a unified regulatory environment for digital assets in the European Economic Area (EEA), the second largest cryptocurrency economy after North America.
The company says the approval underscores its safety standards and regulatory compliance as it prepares to expand its presence in Europe.
The application of the approval came into force on December 30, 2024.
MoonPay co-founder and CEO Ivan Soto-Wright said: “This approval demonstrates MoonPay’s proactive approach to regulation and our commitment to building a bridge of trust between the traditional financial world and the rapidly evolving crypto ecosystem.
“MiCA represents a pivotal moment for the European digital assets sector, and we are proud to have worked together with the Dutch AFM to be among the first to adopt this new regulatory framework. »
Last month, MoonPay obtained a money transmitter license from the Texas Banking Department.
This license allows MoonPay to offer money transfer services in Texas, complementing the 45 money transmitter licenses it already holds, which allow operations across the United States.
Last month, MoonPay also reportedly initiated discussions to acquire Helio Pay for nearly $150 million, which would represent the company’s largest acquisition to date, as reported by Fox Business reporter Eleanor Terrett .
MoonPay’s payment infrastructure facilitates the exchange between fiat currencies and cryptocurrencies.
It supports various payment methods, including debit and credit cards, local bank transfers, and digital wallets like Apple Pay and Google Pay.
The company operates in more than 160 countries and works with more than 300 wallets, websites and apps to enable seamless payments and fight fraud.
“Crypto Payments Company MoonPay Gets MiCA Approval” was originally created and published by Electronic Payments International, a brand owned by GlobalData.
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