Cryptocurrency payments company MoonPay has received MiCA approval
Cryptocurrency payments company MoonPay has received approval under the Markets in Cryptoassets (MiCA) Regulation.
The MiCA framework, ratified by the European Parliament in April 2023, aims to create a unified regulatory environment for digital assets across the European Economic Area (EEA), the second-largest crypto economy after North America.
The company claims that the approval confirms its security standards and regulatory compliance as it prepares to expand its presence in Europe.
Implementation of the approval became effective as of December 30, 2024.
“This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a trusted bridge between the traditional financial world and the rapidly evolving cryptocurrency ecosystem,” said MoonPay co-founder and CEO Ivan Soto-Wright.
“MiCA represents a pivotal moment for the European digital asset industry, and we are proud to work collaboratively with the Dutch AFM to be among the first to adopt this new regulatory framework.”
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By GlobalData
Last month, MoonPay Acquired Money transmitter license from the Texas Department of Banking.
This license allows MoonPay to provide money transfer services within the state of Texas, complementing the 45 money transfer licenses it already holds, which enable operations throughout the United States.
And last month, MoonPay was reported to be too Engaged in discussions to acquire Helio Pay for approximately $150 million, which would represent the company’s largest acquisition to date, as Fox Business journalist Eleanor Territt reported.
MoonPay’s payment infrastructure facilitates the exchange between fiat currencies and cryptocurrencies.
It supports a variety of payment methods, including debit and credit cards, local bank transfers, and digital wallets such as Apple Pay and Google Pay.
The company operates in over 160 countries and collaborates with over 300 wallets, websites and apps to enable seamless payments and fight fraud.
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