Key Points:
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.
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
This website uses cookies.