Amsterdam, December 30, 2024: Cryptocurrency payment platform MoonPay has announced that it has obtained a MiCA license from the Dutch Financial Markets Authority, solidifying its compliance with Europe’s new regulatory standards for digital assets.
The Markets in Crypto-Assets (MiCA) regulation, which officially takes effect today, introduces a unified legal framework for digital assets across the European Economic Area (EEA). It aims to enhance consumer protection, promote transparency, and ensure market stability in the rapidly evolving cryptocurrency sector.
MoonPay’s European Operations
With the MiCA approval, MoonPay can continue providing its fiat-to-crypto and crypto-to-fiat payment services seamlessly across Europe. The company, which operates in over 180 countries and supports more than 100 digital assets, views this regulatory milestone as a significant step in strengthening its foothold in the European market.
Advancing the Crypto Ecosystem
The introduction of the MiCA framework marks a pivotal moment for the European cryptocurrency industry, setting new standards for operational integrity and consumer trust. MoonPay’s adherence to these standards underscores its commitment to providing secure and compliant payment solutions.
“Receiving the MiCA license reflects MoonPay’s dedication to regulatory excellence and its mission to bridge traditional finance with the digital economy,” the company stated in a press release.
This development is expected to bolster confidence among investors and users, further advancing the adoption of cryptocurrencies across Europe.
