Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Crypto funds platform MoonPay has received authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
In a press release distributed to CryptoNews, MoonPay announced that it has secured its MiCA license from the Dutch Authority for the Financial Markets.
achievement unlocked
we have received approval under the Markets in Crypto-Assets (MiCA) regulation in The Netherlands
this enables MoonPay to advance crypto payments throughout Europe!
2025 is going to be significant pic.twitter.com/adLjntXhLo
— MoonPay
(@moonpay) December 30, 2024
we have received approval under the Markets in Crypto-Assets (MiCA) regulation in The Netherlands
2025 is going to be significant pic.twitter.com/adLjntXhLoMiCA Regulations Explained
The MiCA regulation creates a cohesive legal framework for digital assets across the European Economic Area (EEA), with the goal of enhancing consumer protection, transparency, and market stability.
By achieving this certification, MoonPay illustrates its adherence to these stringent standards, positioning itself to expand its offerings and spearhead innovation within the European crypto landscape.
MiCA as a Turning Point for the European Market
“This approval highlights MoonPay’s commitment to regulatory excellence and our objective to establish a reliable connection between traditional finance and the crypto economy,” stated Ivan Soto-Wright, MoonPay’s CEO and co-founder.
Related Posts
“MiCA represents a pivotal moment for the European digital asset sector, and we are proud to have worked with the Dutch AFM to reach this achievement.”
With MiCA approval, the platform indicated it can continue providing its fiat-to-crypto and crypto-to-fiat payment services throughout Europe. The payments company noted it operates in over 180 countries and supports more than 100 digital assets.
Soto-Wright emphasized: “This milestone isn’t solely about compliance; it’s about reinforcing the crypto industry’s role within the global financial system. We are eager to enhance collaborations with regulators, businesses, and users as we shape the future of digital payments.”
The MiCA framework, which officially takes full effect today, marks a significant advancement for the European crypto environment.
MoonPay Pursues $150M Acquisition of Helio Pay
Reports indicate that MoonPay is in discussions to acquire Helio Pay, a cryptocurrency e-commerce platform, in a deal valued at approximately $150 million.
If completed, this would represent MoonPay’s largest acquisition to date, according to FOX journalist Eleanor Terrett. MoonPay, often referred to as the “PayPal for crypto,” offers a variety of crypto payment solutions. The acquisition of Helio Pay would greatly enhance its merchant services.
The post Moonpay Secures MiCA Approval in Europe appeared first on Cryptonews.
