MoonPay, a leading provider of crypto payment solutions, has recently been granted approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This significant development was announced on December 30th, as reported by CryptoSlate.
The approval was obtained through the Netherlands’ Authority for the Financial Markets (AFM), allowing MoonPay to offer its services seamlessly across the European Economic Area (EEA). Ivan Soto-Wright, the CEO of MoonPay, expressed his excitement over this milestone, emphasizing the company’s commitment to engaging with regulators and bridging the gap between traditional finance and the crypto ecosystem.
Soto-Wright believes that this approval not only demonstrates compliance but also solidifies the role of crypto in the global financial system. He stated, “We’re eager to deepen collaborations with regulators, businesses, and users as we shape the future of digital payments.”
The MiCA framework, introduced by the European Union, aims to create a unified regulatory environment for digital assets, prioritizing consumer protection, transparency, and market integrity. This framework provides a strong foundation for the growing crypto industry, as highlighted by the European Securities and Markets Authority (ESMA) in its efforts to prevent market abuse and enhance regulatory coordination.
With the MiCA framework now in full effect, MoonPay plans to leverage this regulatory clarity to expand its presence in Europe. The company is also exploring innovative payment solutions and digital asset applications while ensuring compliance with evolving standards.
In addition to its regulatory approval, MoonPay is reportedly in talks to acquire Helio Pay, a crypto payment provider, in a deal valued at approximately $150 million. If finalized, this acquisition would be MoonPay’s largest to date, further solidifying its position as a market leader in the industry.
MoonPay’s platform enables seamless fiat-to-crypto and crypto-to-fiat transactions, serving customers in over 180 countries. With support for more than 100 digital assets, MoonPay is dedicated to providing accessible and secure digital currency usage for businesses and individuals worldwide.
As MoonPay continues to expand its reach and offerings in the crypto space, this latest approval under the MiCA regulation marks a significant milestone in the company’s journey towards shaping the future of digital payments.
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