MoonPaya crypto payment solutions provider, has been officially licensed to operate under the European Union's crypto-asset markets.MiCA) regulations, according to a Dec. 30 statement shared with CryptoSlate.
The company received its license from the Dutch Financial Markets Authority (AFM), a milestone that allows MoonPay to offer services seamlessly across the European Economic Area (EEA).
Evan Soto-Wright, CEO of MoonPay, considers this approval a significant achievement. He said this reflects the company's commitment to proactive regulatory engagement and its mission to bridge traditional finance with the crypto ecosystem.
Soto-Wright also noted that this milestone is an important step in strengthening the role of crypto in the global economy. he said CryptoSlate:
“This milestone is not just about compliance. It is about strengthening the position of the crypto industry in the global financial system. We look forward to forging deeper partnerships with regulators, businesses and users on the future of digital payments.”
The MiCA framework introduced by the European Union creates an integrated regulatory environment for digital assets. It prioritizes consumer protection, transparency and market integrity, creating a solid foundation for a growing crypto industry.
The European Securities and Exchange Commission (ESMA) announced that Guidance prevents market abuse and strengthens cross-border regulatory coordination to strengthen the stability and integrity of Europe's growing crypto market.
With the framework taking full effect today, December 30, MoonPay intends to use this leverage Regulatory clarity to expand The company's European footprint also plans to explore innovative payment solutions and digital asset programs while ensuring compliance with evolving standards.
The move comes as MoonPay is reportedly in talks to acquire cryptocurrency payment provider Helio Pay for approximately $150 million. If finalized, the deal would be MoonPay's largest acquisition since its inception in 2018 and further strengthen its market leadership.
MoonPay enables seamless fiat-to-crypto and crypto-to-fiat transactions with operations spanning over 180 countries. The platform supports more than 100 digital assets and facilitates the use of accessible and secure digital currency for businesses and individuals alike.
