MoonPay has achieved a significant milestone in the crypto industry, securing approval under the European Union's Markets in Crypto-Assets (MiCA) regulation. The company announced today that it received its license from the Dutch Authority for the Financial Markets (AFM). This makes MoonPay one of the first companies to obtain MiCA approval, underscoring its leadership in the rapidly evolving digital assets space.
MiCA, introduced by the European Union, aims to create a standardized regulatory environment for digital assets. It sets new rules for consumer protection, market transparency, and financial integrity across Europe. For MoonPay, this approval is a major step forward, allowing the company to continue expanding its services while ensuring compliance with the latest regulations.
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Building Trust Between Traditional Finance and Crypto
“This approval highlights our proactive approach to regulation and our ongoing commitment to bridging traditional finance with the growing crypto ecosystem,” said Ivan Soto-Wright, CEO and Co-founder of MoonPay.
“Being among the first to meet MiCA standards in Europe is a reflection of our dedication to creating a trusted environment for both users and businesses.”
MoonPay's MiCA approval comes at a pivotal time as the company continues to support over 100 digital assets and offer fiat-to-crypto and crypto-to-fiat services across 180 countries. The license allows MoonPay to further expand its presence in Europe and continue pushing innovation in the crypto payments space.
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Expanding European Reach and Driving Innovation
"Achieving MiCA approval is not just about meeting regulatory requirements—it's a defining moment for the global economy and the crypto industry’s growing role within it," Soto-Wright added.
As the MiCA framework fully comes into effect, MoonPay plans to leverage this momentum to expand its European presence, explore new applications for digital assets, and drive innovation in payments, while ensuring compliance and customer safety remain at the forefront of its operations.
