MoonPay, a cryptocurrency on-ramp and payments firm with over 20 million users, has been granted a coveted BitLicense and money transmitter license by the New York State Department of Financial Services (NYDFS).
The BitLicense approval completes MoonPay’s U.S. regulatory coverage, complementing money transmission licenses in 46 other U.S. jurisdictions, as well as registrations in the UK, Australia, Canada, Italy, Ireland and Jersey, the company said in a press statement on Wednesday.
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Donald Trump’s crypto-friendly administration has made attaining a solid footing in the U.S. all the more desirable for firms as his administration works on federal regulations. The NYDFS BitLicense approval is widely recognized as a gold standard in the crypto industry.
The NYDFS approval comes on the heels of MoonPay opening a new headquarters in New York City, which the company said is now its largest U.S. office.
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“As a U.S.-founded company with a headquarters in New York City, we’re immensely proud of this milestone and look forward to our continued work with regulators nationwide to make crypto accessible to everyone,” said MoonPay co-founder and CEO Ivan Soto-Wright in a statement.
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
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Ethereum’s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
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Ethereum’s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!