- MoonPay has received regulatory approval as compliant with MiCA.
- The cryptocurrency payments platform has obtained a license in the Netherlands.
Cryptocurrency payments provider MoonPay has secured a license under the European Union’s Markets in Crypto-Assets (MiCA) framework.
MoonPay announced that the Dutch Financial Markets Authority (AFM) approved its registration under MiCA rules.
The Dutch regulator’s approval means MoonPay can now offer its services and products across Europe under the guidance and supervision established by MiCA.
“This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a bridge of trust between the traditional financial world and the rapidly evolving cryptocurrency ecosystem,” said MoonPay co-founder and CEO Ivan Soto-Wright.
MiCA Launch
This milestone is pivotal for MoonPay’s growth, as MiCA delivers a unified legal and regulatory framework for crypto-sector operators throughout the EU.
The MiCA rules take full effect on December 30, 2024, following their approval and adoption in 2023. Numerous digital asset service providers have sought authorization to continue offering services and products across the bloc.
“MiCA represents a crucial moment for the European digital asset industry, and we are proud to have worked with the Dutch AFM to be among the first to adopt this new regulatory framework,” Soto-Wright added.
The comprehensive regulations aim to prevent money laundering, protect users, and support innovation and market stability.
For MoonPay, the approval opens access to a large market, enabling more individuals and businesses to use cryptocurrency payments—buying, swapping, and selling via Venmo, PayPal, Apple Pay, debit and credit cards, and bank transfers.