MoonPay Secures MiCA Approval
As a trailblazer in the field, MoonPay proudly announced its receipt of a license from the Dutch Authority for the Financial Markets (AFM), a move that signifies their strategic advancement in a regulator known for its forward-thinking approach in technology and finance.
The Markets in Crypto-Assets (MiCA) framework, implemented by the European Union, presents a harmonized regulatory landscape designed specifically for digital assets. This framework sets new standards for consumer protection, transparency, and market integrity. With MoonPay’s recent approval, the company highlights its commitment to meeting these standards and its readiness to broaden its services and promote innovation throughout 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,” shared 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.”
Receiving MiCA approval means MoonPay can continue to offer its fiat-to-crypto and crypto-to-fiat services extensively across Europe. With service availability in over 180 countries and a comprehensive platform that supports an array of more than 100 digital assets, MoonPay is well-equipped to enable both businesses and individuals to carry out transactions using 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’s full implementation is set for December 30, 2024. MoonPay intends to harness this opportunity to enhance its presence across Europe, investigate new applications for digital assets, and spearhead innovation in payments. Throughout this growth, MoonPay affirms that it will maintain a focus on compliance and customer safety, ensuring these remain central to its operations.
