MoonPay, a crypto payments platform, has received a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation, approved by the Dutch Authority for the Financial Markets (AFM).
This approval allows MoonPay to operate its services across Europe in compliance with MiCA guidelines. Co-founder and CEO Ivan Soto-Wright emphasized that this achievement reflects MoonPay’s commitment to regulatory compliance and its role in bridging traditional finance with the evolving crypto landscape.
The MiCA regulation, set to take full effect on December 30, 2024, establishes a unified legal framework for the crypto industry within the EU, aiming to enhance user protection, prevent money laundering, and foster innovation and market stability.
MoonPay’s licensing positions it for significant growth, enabling a broader audience to engage in crypto transactions through various payment methods, including Venmo, PayPal, and bank transfers.
Soto-Wright noted that this milestone is a significant step for the European digital asset sector, highlighting MoonPay’s proactive collaboration with the Dutch regulator.
