Moonpay Secures MiCA Approval in Europe
Crypto payments platform MoonPay has received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
In a press release shared with CryptoNews, Moonpay said it has received its MiCA license from the Dutch Authority for the Financial Markets.
🏆 achievement unlocked
✅ we've received approval under the Markets in Crypto-Assets (MiCA) regulation in The Netherlands
🌍 this enables MoonPay to innovate crypto payments across Europe!
🫡 2025 is going to be big pic.twitter.com/adLjntXhLo
— MoonPay 🟣 (@moonpay) December 30, 2024
MiCA Regulations Explained
The MiCA regulation establishes a unified legal framework for digital assets across the European Economic Area (EEA), aiming to improve consumer protection, transparency, and market stability.
By achieving this certification, MoonPay demonstrates its compliance with these rigorous standards, positioning itself to expand its services and lead innovation in the European crypto ecosystem.
MiCA Turning Point for European Market
“This approval underscores MoonPay’s commitment to regulatory excellence and our mission to build a trusted bridge between traditional finance and the crypto economy,” said Ivan Soto-Wright, MoonPay’s CEO and co-founder.
“MiCA is a turning point for the European digital asset industry, and we’re proud to have collaborated with the Dutch AFM to achieve this milestone.”
With MiCA approval, the platform said it can continue offering its fiat-to-crypto and crypto-to-fiat payment services across Europe. The Payments firm said it operates in over 180 countries and supports over 100 digital assets.
Soto-Wright emphasized: “This milestone is not just about compliance; it’s about solidifying the crypto industry’s place in the global financial system. We’re eager to deepen collaborations with regulators, businesses, and users as we shape the future of digital payments.”
The MiCA framework, which officially takes full effect today represents a major step forward for the European crypto landscape.
MoonPay Eyes $150M Acquisition of Helio Pay
It has emerged that MoonPay is reportedly in talks to acquire Helio Pay, a cryptocurrency e-commerce platform, in a deal worth approximately $150 million.
If finalized, this would mark MoonPay’s largest acquisition to date, according to FOX journalist Eleanor Terrett. MoonPay, often dubbed the “PayPal for crypto,” provides a wide range of crypto payment solutions. The acquisition of Helio Pay would significantly enhance its merchant services.
Source: cryptonews.com
