Crypto payments platform MoonPay has successfully secured approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This achievement enables the company to continue expanding its services across Europe.
MiCA Approval and Its Impact on MoonPay
MoonPay announced the approval in a press release shared with CryptoNews. The company received the MiCA license from the Dutch Authority for the Financial Markets (AFM). This certification highlights MoonPay’s compliance with the rigorous MiCA standards, allowing it to innovate further in the European crypto payments space.
Understanding MiCA Regulations
MiCA, which stands for Markets in Crypto-Assets, establishes a unified legal framework for digital assets across the European Economic Area (EEA). Its primary goal is to enhance consumer protection, increase market transparency, and improve market stability. By meeting these standards, MoonPay positions itself as a leader in the European crypto ecosystem.
MiCA: A Turning Point for the European Crypto Market
Ivan Soto-Wright, CEO and co-founder of MoonPay, emphasized the significance of this approval. He stated, “This approval underscores our commitment to regulatory excellence and our mission to build a trusted bridge between traditional finance and the crypto economy.” He also expressed pride in working with the Dutch AFM to achieve this milestone.
With the MiCA approval, MoonPay can continue offering its fiat-to-crypto and crypto-to-fiat payment services across Europe. The platform operates in more than 180 countries and supports over 100 digital assets.
A Major Milestone for the Crypto Industry
Soto-Wright further highlighted that this milestone extends beyond compliance. “It’s about solidifying the crypto industry’s place in the global financial system,” he said. The company is eager to deepen collaborations with regulators, businesses, and users to shape the future of digital payments.
MiCA Framework: A Step Forward for the European Crypto Landscape
The MiCA framework, which took full effect today, marks a significant advancement for the European crypto market. This regulation ensures that the market remains secure, transparent, and stable for both businesses and consumers.
MoonPay Eyes $150M Acquisition of Helio Pay
In other news, MoonPay is reportedly in discussions to acquire Helio Pay, a cryptocurrency e-commerce platform, in a deal worth approximately $150 million. If the acquisition is finalized, it would be MoonPay’s largest to date.
This acquisition would greatly enhance MoonPay’s merchant services, further strengthening its position in the crypto payment solutions market. Often referred to as the “PayPal for crypto,” MoonPay is poised to expand its influence within the global crypto space.
The post Moonpay Secures MiCA Approval in Europe appeared first on Cryptonews.
