MoonPay Receives Approval to Operate Under MiCA Regulation in EU
MoonPay, a leading crypto payment solutions provider, has recently been granted approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This milestone was achieved after securing a license from the Netherlands’ Authority for the Financial Markets (AFM), allowing MoonPay to offer its services seamlessly across the European Economic Area (EEA).
CEO Ivan Soto-Wright Sees Approval as a Significant Achievement
Ivan Soto-Wright, the CEO of MoonPay, views this approval as a significant achievement for the company. He emphasized the importance of proactive regulatory engagement and the mission to bridge traditional finance with the crypto ecosystem. Soto-Wright believes that this milestone solidifies crypto’s role in the global economy and looks forward to collaborating with regulators, businesses, and users to shape the future of digital payments.
MiCA Framework Prioritizes Consumer Protection and Market Integrity
The MiCA framework, introduced by the European Union, aims to establish a unified regulatory environment for digital assets. It prioritizes consumer protection, transparency, and market integrity, providing a solid foundation for the growing crypto industry. The European Securities and Markets Authority (ESMA) has highlighted that the guidance in MiCA prevents market abuse and enhances cross-border regulatory coordination to strengthen the stability and integrity of Europe’s crypto market.
MoonPay Expands European Footprint with Regulatory Clarity
With the MiCA framework now in full effect, MoonPay plans to leverage regulatory clarity to expand its European footprint. The company aims to explore innovative payment solutions and digital asset applications while ensuring compliance with evolving standards. Additionally, MoonPay is in talks to acquire Helio Pay, a crypto payment provider, in a deal worth approximately $150 million. This potential acquisition would further solidify MoonPay’s market leadership in the industry.
Seamless Fiat-to-Crypto Transactions Across 180 Countries
MoonPay enables seamless fiat-to-crypto and crypto-to-fiat transactions, with operations spanning over 180 countries. The platform supports more than 100 digital assets and provides accessible and secure digital currency usage for businesses and individuals. This wide range of offerings positions MoonPay as a key player in the crypto payment solutions space.
