- MoonPay has received regulatory approval as compliant with MiCA.
- The crypto payments platform has been granted a license in the Netherlands.
MoonPay, a cryptocurrency payments platform, has secured a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
MoonPay announced that the Dutch Authority for the Financial Markets (AFM) approved its registration under MiCA rules.
The Dutch regulator’s approval allows MoonPay to offer its services and products across Europe in accordance with MiCA’s guidelines and requirements.
“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 MoonPay co-founder and CEO Ivan Soto-Wright in a statement.
MiCA Rollout
This milestone is a significant step for MoonPay’s growth because MiCA provides a unified legal and regulatory framework for crypto industry participants across the EU. The MiCA rules will come into effect on December 30, 2024, after being approved and adopted in 2023.
Many digital asset service providers have pursued MiCA approval to continue offering services and products throughout the bloc under the new regulatory framework.
“MiCA represents a pivotal moment for the European digital-asset industry, and we are proud to have worked collaboratively with the Dutch AFM to be among the first to adopt this new regulatory framework,” Soto-Wright added.
The comprehensive regulations target key objectives such as preventing money laundering, protecting users, and supporting innovation and market stability.
For MoonPay, the AFM license enables expansion across a large European market, allowing more consumers and businesses to access crypto payment services. Users will be able to buy, trade, and sell cryptocurrencies using Venmo, PayPal, Apple Pay, debit and credit cards, and bank transfers, benefiting from clearer regulatory oversight and consumer protections.
By aligning with MiCA, MoonPay joins a growing number of providers positioning themselves to operate under harmonized EU rules that aim to increase transparency, reduce systemic risk, and foster responsible innovation in the crypto space. The approval may also help institutional partners and payment channels feel more confident integrating MoonPay’s services, further accelerating adoption of crypto payments across multiple industries and use cases.
Overall, the AFM’s registration marks an important regulatory achievement for MoonPay and underscores the broader industry shift toward regulated operations within Europe, where businesses and users can rely on standardized safeguards and clearer compliance expectations as the crypto market continues to mature.