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MoonPay Secures MiCA Approval
MoonPay, the leading global crypto payments company, announced that it has been granted approval under the Markets in Crypto-Assets (MiCA) regulation and received its license on December 30, 2024. As one of the first companies to achieve this milestone, MoonPay received its license from the Dutch AFM, a nation and regulator renowned for their progressive stance on technology and finance.
The MiCA framework, introduced by the European Union, establishes a unified regulatory environment for digital assets, setting new benchmarks for consumer protection, transparency, and market integrity. MoonPay’s approval signals its readiness to meet these standards, allowing the company to expand its offerings and foster innovation across the European Economic Area (EEA).
“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 crypto ecosystem,” said Ivan Soto-Wright, CEO and Co-founder of MoonPay. “MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework.”
MoonPay’s MiCA approval will enable the company to continue offering its fiat-to-crypto and crypto-to-fiat services across Europe. With availability in over 180 countries and a robust platform that supports over 100 digital assets, MoonPay is well-positioned to empower businesses and individuals to transact with digital currencies.
“This milestone is more than just a regulatory approval—it’s a pivotal step in solidifying the crypto industry’s role in the global economy,” Soto-Wright added. “We are excited to deepen our collaborations with regulators, businesses, and users as we pave the way for the future of crypto.”
The MiCA framework fully comes into effect as of December 30, 2024. MoonPay plans to leverage this momentum to expand its European presence, explore new applications for digital assets, and drive innovation in payments, while ensuring compliance and customer safety remain at the forefront of its operations.
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