The payments platform said it runs in more than 180 countries and backs more than 100 virtual assets.
It is speculated that MoonPay is supposedly having a conversation to have possession of Helio Pay.
If accomplished, this would mark the biggest acquisition of MoonPay to date, as per FOX journalist Eleanor Terrentt.
A multinational company involving the transfer of crypto, MoonPay got acceptance under the European Union’s Markets in Crypto-Assets (MiCA) regulation. MoonPay revealed that it got its MiCA license from the Dutch Authority for the Financial Markets.
The MiCA regulation sets up the legal framework for virtual assets in the European Economic Area (EEA), aiming to make consumer protection, transparency, and market stability better.
Compliance with robust regulation
After getting this acceptance, MoonPay shows its compliance with these robust regulations, placing itself to stretch its services and lead the revolution in the European crypto ecosystem. The chief executive officer of MoonPay, Ivan Soto-Wright said that the approval highlights the commitment of MoonPay to regulatory excellence and the target to make a trusted bridge between traditional financial and the crypto economy.
He also mentioned that MiCA is a milestone for the European virtual asset industry, and we are proud to have partnered with the Dutch AFM to have this milestone. After getting the MiCA approval, the platform said that it could carry on offering its fiat-to-crypto and crypto-to-fiat payment services across Europe.
What does the payments platform say?
The payments platform said it runs in more than 180 countries and backs more than 100 virtual assets. Soto-Wright highlighted that this turning point is not only about compliance; it is about hardening the position of the crypto industry in the global financial system.
We wish to intensify partnerships with regulators, businesses, and users as we create the future of virtual payments. The MiCA substructure, which officially takes complete impact today shows a key step forward for the European crypto outlook.
It is speculated that MoonPay is supposedly having a conversation to have possession of Helio Pay, a self-service platform that permits e-commerce merchants to receive payments in cryptocurrency, in a deal worth approx $150 million.
If accomplished, this would mark the biggest acquisition of MoonPay to date, as per FOX journalist Eleanor Terrentt. MoonPay, which is commonly named PayPal for crypto, offers a wide range of crypto payment solutions. The purchase of Helio Pay would notably intensify its merchant services.