- **MoonPay's Registration as VASP**: #crypto payment provider #MoonPay has successfully obtained registration as a Virtual Asset Service Provider (VASP) in Ireland. This designation allows MoonPay to operate within the regulatory framework for cryptocurrency-related services in the country.
- **Scope of Approved Services**: As a registered VASP, MoonPay gains the ability to offer specific services in the #cryptocurrency sector. These services encompass fiat-to-crypto "onramp" solutions, which include various activities such as exchanging digital assets for legal tender and exchanging digital assets for other digital assets.
- **Approved #Services for MoonPay**: Presently, MoonPay's registration as a VASP in Ireland allows the company to offer one particular service: the exchange between digital assets and legal tender. This means that MoonPay is authorized to facilitate the conversion of cryptocurrencies into traditional fiat currencies and vice versa.
- **Compliance with Regulatory Standards**: MoonPay's successful registration as a VASP reflects the company's commitment to complying with Ireland's regulatory requirements in the cryptocurrency space. This regulatory recognition allows MoonPay to operate in a legitimate and compliant manner while providing its services to users.
- **Limited #Scope and Future Expansion**: While MoonPay's current authorization is limited to the exchange between digital assets and legal tender, the company's registration as a VASP provides a foundation for potential expansion of its service offerings in the future. This step is in line with industry trends of aligning with regulatory standards and expanding operations based on regulatory approvals.
