MoonPay, a cryptocurrency payments platform, has been approved under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
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According to a press release shared with CryptoNews, MoonPay confirmed receiving its MiCA license from the Dutch Authority for the Financial Markets.
MiCA Regulations Overview
The Markets in Crypto-Assets (MiCA) regulation provides a unified legal framework for digital assets across the European Economic Area (EEA), aiming to enhance consumer protection, market transparency, and overall stability.
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By securing this certification, MoonPay showcases its adherence to these stringent standards, paving the way for expanded services and a leadership role in driving innovation within the European crypto market.
A Milestone for the European Crypto Industry
“This approval highlights MoonPay’s dedication to regulatory excellence and our mission to create a trusted bridge between traditional finance and the crypto economy,” said Ivan Soto-Wright, CEO and co-founder of MoonPay.
“MiCA is a turning point for the European digital asset industry, and we’re proud to have collaborated with the Dutch AFM to achieve this milestone.”
With its MiCA approval, MoonPay announced it can continue providing fiat-to-crypto and crypto-to-fiat payment services across Europe. The platform currently operates in over 180 countries and supports more than 100 digital assets.
“This milestone goes beyond compliance; it solidifies the crypto industry’s role in the global financial system,” said MoonPay CEO Ivan Soto-Wright. “We’re excited to strengthen collaborations with regulators, businesses, and users as we shape the future of digital payments.”
The MiCA framework, which officially comes into full effect today, marks a significant advancement for Europe’s cryptocurrency ecosystem.
MoonPay Pursues $150M Acquisition of Helio Pay
MoonPay is reportedly in discussions to acquire Helio Pay, a cryptocurrency e-commerce platform, in a deal valued at approximately $150 million.
If completed, the acquisition would be MoonPay’s largest to date, as reported by FOX journalist Eleanor Terrett. Often referred to as the “PayPal for crypto,” MoonPay offers diverse crypto payment solutions, and acquiring Helio Pay would further expand its merchant services capabilities.
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