MoonPay confirms the authorization of MiCA in the Netherlands
MoonPay has received regulatory approval as MiCA Compliant. The crypto payments platform is licensed in the Netherlands.
Crypto payments platform MoonPay has been licensed by EU markets under the Crypto-Assets Regulation.
Moon Pay has announced that the Netherlands Authority for the Financial Markets (AFM) has approved its application for registration under the MICA Act. The Dutch regulator granted its approval, which means MoonPay can now offer its services and products across Europe in a regulated and regulated manner under MiCA.
“This approval demonstrates MoonPay's regulatory framework and our commitment to building a trusted bridge between the traditional financial world and the rapidly growing crypto ecosystem,” MoonPay founder and CEO Evan Soto-Wright said in a statement.
Release MiCA
The MCA provides a unified regulatory and legal framework for crypto industry players in the EU and is key to the development of the platform.
The MiCA rules will take full effect on December 30, 2024 after they are passed and ratified in 2023. Several companies have sought certification to continue offering digital asset service providers services and products in the alliance.
“MiCA represents an important moment for the European digital asset industry and we are proud to be working in partnership with the Dutch AFM,” added Soto-Wright.
The key objectives of the general rules include prevention of money laundering, protection of consumers and support for innovation and market stability.
For MoonPay, the approval will spread across the massive market, allowing more people and businesses to buy, trade and sell with Venmo, PayPal, Apple Pay, debit and credit cards and bank transfers.
