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 2

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.

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.

Recent Posts

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

11 minutes ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

2 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

3 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

4 hours ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

4 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

4 hours ago

This website uses cookies.