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News

MoonPay Secures Exclusive Exchange License In Liechtenstein

September 11, 2023 - Around 2 mins mins to read

Key Points:

  • MoonPay gains a license in Liechtenstein for digital asset and fiat exchanges.
  • The license is limited to Liechtenstein, excluding other European countries.
  • The company partners with Binance.US to improve crypto transactions with USDT.
MoonPay, the global cryptocurrency payment platform, has received official approval from the Liechtenstein Financial Market Authority (FMA) to operate as a TT Exchange Service Provider within the borders of Liechtenstein. This development marks another significant milestone for MoonPay as it expands its reach in Europe.
MoonPay Secures Exclusive Exchange License In Liechtenstein

The license granted by FMA enables MoonPay to facilitate the exchange of digital assets and fiat currencies exclusively within Liechtenstein’s jurisdiction. However, it is important to note that this license does not extend to other countries, limiting its services solely to Liechtenstein.

In an official statement, MoonPay expressed its commitment to adhering to global regulatory standards while simplifying cryptocurrency transactions worldwide. Max Crown, Co-Founder and CFO of MoonPay, said:

“MoonPay is thrilled to expand upon our European registrations as further evidence of our compliance with European regulations. We continue to monitor developments in the implementation of MiCA and will fully comply with that framework once it takes effect.”

This licensing achievement in Liechtenstein adds to its growing list of regulatory approvals, including registrations in the European Economic Area, the United Kingdom, and 42 Money Transmitter Licenses in the United States.

The company’s dedication to regulatory compliance and consumer protection continues to drive its success in the cryptocurrency payment industry.

Additionally, MoonPay recently partnered with Binance.US, a major cryptocurrency exchange, to facilitate seamless transactions using the U.S. Dollar-pegged stablecoin Tether (USDT). This strategic collaboration aims to enhance the accessibility and convenience of cryptocurrency conversions.

Its journey to become a trusted cryptocurrency exchange service provider is further solidified by these developments, as it continues to shape the future of digital asset transactions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Binance.US

FMA

Liechtenstein

moonpay

TT Exchange Service Provider

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

MoonPay Secures Exclusive Exchange License In Liechtenstein

Key Points:

  • MoonPay gains a license in Liechtenstein for digital asset and fiat exchanges.
  • The license is limited to Liechtenstein, excluding other European countries.
  • The company partners with Binance.US to improve crypto transactions with USDT.
MoonPay, the global cryptocurrency payment platform, has received official approval from the Liechtenstein Financial Market Authority (FMA) to operate as a TT Exchange Service Provider within the borders of Liechtenstein. This development marks another significant milestone for MoonPay as it expands its reach in Europe.
MoonPay Secures Exclusive Exchange License In Liechtenstein

The license granted by FMA enables MoonPay to facilitate the exchange of digital assets and fiat currencies exclusively within Liechtenstein’s jurisdiction. However, it is important to note that this license does not extend to other countries, limiting its services solely to Liechtenstein.

In an official statement, MoonPay expressed its commitment to adhering to global regulatory standards while simplifying cryptocurrency transactions worldwide. Max Crown, Co-Founder and CFO of MoonPay, said:

“MoonPay is thrilled to expand upon our European registrations as further evidence of our compliance with European regulations. We continue to monitor developments in the implementation of MiCA and will fully comply with that framework once it takes effect.”

This licensing achievement in Liechtenstein adds to its growing list of regulatory approvals, including registrations in the European Economic Area, the United Kingdom, and 42 Money Transmitter Licenses in the United States.

The company’s dedication to regulatory compliance and consumer protection continues to drive its success in the cryptocurrency payment industry.

Additionally, MoonPay recently partnered with Binance.US, a major cryptocurrency exchange, to facilitate seamless transactions using the U.S. Dollar-pegged stablecoin Tether (USDT). This strategic collaboration aims to enhance the accessibility and convenience of cryptocurrency conversions.

Its journey to become a trusted cryptocurrency exchange service provider is further solidified by these developments, as it continues to shape the future of digital asset transactions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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