Crypto payments firm MoonPay has secured approval under the Markets in Crypto-Assets (MiCA) regulation.
The MiCA framework, ratified by the European Parliament in April 2023, aims to establish a unified regulatory environment for digital assets across the European Economic Area (EEA), the second-largest crypto economy after North America.
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The company claims that the approval underscores its security standards and regulatory compliance as it prepares to expand its presence in Europe.
The approval enforcement was effective from 30 December 2024.
MoonPay co-founder and CEO Ivan Soto-Wright said: “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.”
“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.”
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By GlobalDataLast month, MoonPay obtained a money transmitter licence from the Texas Department of Banking.
This licence allows MoonPay to offer money transmission services within Texas, complementing the 45 Money Transmitter Licenses it already holds, which enable operations across the US.
Last month, MoonPay reportedly also engaged in discussions to acquire Helio Pay for nearly $150m, which would represent the company’s largest acquisition to date, as reported by Fox Business journalist Eleanor Terrett.
MoonPay’s payment infrastructure facilitates the exchange between fiat currencies and cryptocurrencies.
It supports a variety of payment methods, including debit and credit cards, local bank transfers, and digital wallets like Apple Pay and Google Pay.
The company operates in over 160 countries and collaborates with more than 300 wallets, websites, and applications to enable seamless payments and combat fraud.
