MoonPay Gets MiCA Approval for EU Operations | Airdrop Alert Pro

MoonPay has become one of the first companies to receive MiCA approval, enabling it to carry out financial services across the EU. Its new license was issued by the Dutch financial regulator AFM.

MiCA regulations come into effect today, and the company hopes to use this as a major opportunity to expand its European business. The news comes from a press release shared exclusively with BeInCrypto.

MoonPay and MiCA

Thanks for this new MiCA Agreepopular Crypto payment platform It will operate within the new EU legal framework and will not encounter any regulatory challenges. MoonPay provides fiat-to-crypto and crypto-to-fiat services across the region and sees significant potential to lead digital asset services in the region.

While MiCA’s strict compliance framework hurts big players like Tether and Binance, several companies View regulation as a major business opportunityMoonPay is no exception.

“This milestone is more than just regulatory approval – it is a critical step in solidifying the cryptocurrency industry’s role in the global economy. We are excited to deepen our collaboration with regulators, businesses and users to pave the way for the future of cryptocurrency. level the road,” said CEO and co-founder Ivan Soto-Wright.

In other words, with this development, MoonPay aims to avoid market irrelevance and expand its dominance across the region. The company has been strategizing for significant growth opportunities in the coming year. Earlier this month, MoonPay also Reportedly in talks to acquire Helioone Decentralized Finance Payment services, valued at $150 million.

At the same time, starting today, Cryptoasset regulatory marketOr MiCA could change everything for European cryptocurrencies. The EU has Instruct exchanges to delist Tether’s USDTas well as large companies like Coinbase is preparing for big changes.

MiCA approval is a coveted status for crypto-related companies in the EU, and MoonPay was lucky to receive approval before the deadline. Bitget is another important exchange Consider opening a new Lithuania office to facilitate regulatory compliance. However, MoonPay does not require a similar investment.

All in all, the payment platform performs well. in october it Announcing a major partnership with Ripplewhich has been paying dividends ever since RLUSD approved in U.S.. In November, the company Significantly breaking the 2023 transaction volume record.

Overall, MoonPay has forward momentum, and MiCA’s approval will likely help the company go even further in one of the world’s largest regulated crypto markets.