- MoonPay has obtained regulatory approval as MiCA compliant.
- The crypto funds platform has secured a license within the Netherlands.
Crypto funds platform MoonPay has secured a license below the European Union’s Markets in Crypto-Property regulation.
MoonPay introduced that the Dutch Authority for the Monetary Markets (AFM) has authorised its software for registration below MiCA guidelines. The Dutch regulator granted the license, which implies MoonPay can now supply its companies and merchandise throughout Europe as guided and controlled below MiCA.
“This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a trusted bridge between the traditional financial world and the rapidly evolving crypto ecosystem,” MoonPay co-founder and chief govt officer Ivan Soto-Wright stated in an announcement.
MiCA roll out
The platform’s milestone is essential to its progress, with MiCA offering a unified regulatory and authorized framework for crypto business gamers within the EU.
MiCA guidelines come into full impact on Dec. 30, 2024, having been authorised and adopted in 2023. A number of corporations digital asset service suppliers have seemed to safe approval to proceed providing companies and merchandise throughout the bloc.
“MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework,” Soto-Wright added.
Key targets for the excellent rules embrace prevention of cash laundering, consumer safety and help for innovation and market stability.
For MoonPay, the approval means growth throughout the large market, with extra individuals and companies capable of faucet into crypto funds, shopping for, buying and selling and promoting through Venmo, PayPal, Apple Pay, debit and bank cards and financial institution switch.
