The EU Cryptoasset Market Act (MiCA) officially came into effect on December 30. The cryptocurrency payment platform MoonPay also announced on the same day that it had obtained a MiCA license from the Dutch Financial Market Authority (AFM) and became one of the first batch of companies under the MiCA regulatory framework. Cryptocurrency company operating in compliance with regulations.
This achievement enables MoonPay to offer fiat and cryptocurrency exchange and payment services across Europe in compliance with the newly implemented MiCA regulations.
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
The MiCA regulations aim to establish a unified cryptocurrency legal framework for the European Economic Area (EEA). By strengthening consumer protection and market stability, MiCA facilitates cross-border business operations under a single EU license through standardized business rules. and a clear definition of crypto asset management. This approach reduces the administrative burden on businesses and promotes a more competitive market landscape.
MoonPay CEO Ivan Soto-Wright noted:
This milestone is more than just regulatory approval, it is an important step in solidifying the role of cryptocurrencies in the global economy, and we are excited to deepen our collaboration with regulators, businesses and users to pave the way for the future of cryptocurrencies.
MoonPay intends to use this regulatory clarity to expand its dominant position in Europe and explore innovative payment solutions and digital asset application scenarios.
According to reports, the company is also currently negotiating to acquire DeFi payment service Helio Pay for approximately US$150 million. If implemented, this will be MoonPay’s largest acquisition since its establishment in 2018.
"MoonPay obtains MiCA license and is allowed to provide cryptocurrency payment services throughout Europe" This article was first published on (Blocker).