Cryptocurrency payment solutions provider MoonPay has officially received approval to operate under the European Union’s Market in Cryptoassets (MiCA) Regulations, according to a December 30 statement shared with CryptoSlate.
The company has secured a license from the Netherlands Authority for Financial Markets (AFM), a milestone that allows MoonPay to seamlessly offer its services across the European Economic Area (EEA).
MoonPay CEO Ivan Soto-Wright sees this approval as an important achievement. He said this demonstrates the company’s proactive regulatory approach and mission to bridge traditional finance and the cryptocurrency ecosystem.
Sotorite also noted that this milestone is an important step in solidifying the role of cryptocurrencies in the global economy. He told CryptoSlate:
“This milestone is not just about compliance; it is about solidifying the cryptocurrency industry’s place in the global financial system. We look forward to working with regulators, businesses and users to shape the future of digital payments. I would like to deepen this.”
The MiCA framework introduced by the European Union establishes a unified regulatory environment for digital assets. We prioritize consumer protection, transparency, and market integrity to build a strong foundation for the growing cryptocurrency industry.
The European Securities and Markets Authority (ESMA) said the guidance will prevent market abuse and strengthen cross-border regulatory coordination, strengthening the stability and integrity of Europe’s rapidly growing crypto market.
With the framework coming into full force today, December 30th, MoonPay aims to take advantage of this regulatory clarity to expand its footprint in Europe. The company also plans to explore innovative payment solutions and digital asset applications while ensuring compliance with evolving standards.
The move comes amid reports that MoonPay is in talks to acquire cryptocurrency payments provider Helio Pay for approximately $150 million. If completed, this transaction would be MoonPay’s largest acquisition since its founding in 2018 and further solidify its market leadership.
MoonPay enables seamless fiat-to-crypto and crypto-to-fiat transactions and operates in over 180 countries. The platform supports over 100 digital assets, facilitating the use of digital currencies that are accessible and secure for both businesses and individuals.
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