As a seasoned crypto investor with a keen eye for regulatory compliance and a knack for spotting promising opportunities, I view MoonPay’s expansion into the Netherlands under MiCA regulation as a strategic move that cements its position as a major player in the global crypto landscape. With my portfolio diversified across over 100 digital assets, I have witnessed firsthand the transformative potential of companies like MoonPay, which are bridging the gap between traditional finance and the burgeoning crypto ecosystem.
The approval from the Dutch Financial Market Authority is a testament to MoonPay’s proactive approach towards regulation, a trait that I appreciate in any investment. This move comes at an opportune time, just days before the full implementation of MiCA, setting the stage for the company to expand its services across Europe, one of the world’s largest crypto economies after North America.
MoonPay’s strategic partnerships with industry giants like Ripple, BitPay, and Element Wallet further solidify its position in the market. If the rumors about a potential acquisition of Helio Pay are true, it could be another feather in MoonPay’s cap.
In the crypto world, things can move as fast as a light speed transaction, but I believe that 2025 is going to be a big year for MoonPay. I guess we could say they’re planning to “Moon” the market!
Joke: You know you’ve made it in crypto when your transactions are faster than the speed of news travel. Now, if only my portfolio would move that fast too! 🚀💸
MoonPay, a well-known U.S.-based blockchain payments firm, has successfully obtained the necessary permit to operate in the Dutch market, doing so under the innovative MiCA (Markets-in-Crypto-Assets) regulations of the European Union.
As reported on Monday, the Dutch Financial Markets Authority granted approval for the license following a thorough examination, ensuring that the organization’s operational procedures adhere to the nation’s regulations.
🏆 achievement unlocked
✅ we’ve received approval under the Markets in Crypto-Assets (MiCA) regulation in The Netherlands
🌍 this enables MoonPay to innovate crypto payments across Europe!
🫡 2025 is going to be big
— MoonPay 🟣 (@moonpay) December 30, 2024
MoonPay Expands to the Netherlands
The action takes place mere days prior to the complete enactment of the MiCA regulation, under which service providers must register as authorized entities before offering their services to users within any EU country.
In April 2023, the European Parliament endorsed the Markets in Crypto-Assets (MiCA) regulation, which establishes a unified regulatory structure for digital assets within the European Economic Area (EEA). Consequently, the EEA becomes the world’s second-largest crypto market, following North America.
Following MiCA’s approval, MoonPay is now able to offer its comprehensive suite of services to users within the region, encompassing fiat-to-crypto and crypto-to-fiat transactions. This globally active payment company operates in over 180 countries and supports more than a hundred different digital assets.
Across Europe, MoonPay operates in multiple nations, such as Liechtenstein and Italy, in addition to being registered in the United Kingdom and the Republic of Ireland as a provider of virtual asset services (VASP). Last year, these licenses were granted, enabling it to vie with well-established crypto companies like Coinbase within this region.
Commitment to Regulatory Compliance
Referencing their recent milestone, Ivan Soto-Wright, the co-founder and CEO of MoonPay, stated that obtaining this license demonstrates the company’s dedication towards adhering to regulatory standards.
According to Soto-Wright, this approval demonstrates MoonPay’s forward-thinking attitude towards regulations and their dedication to creating a secure conduit linking the established financial system with the fast-paced crypto marketplace.
Simultaneously, the company’s regulatory achievements are happening during a time when it’s forming strategic partnerships to boost its influence in the crypto payments sector. In October, MoonPay teamed up with Ripple, enabling users to instantly purchase XRP on their platform using credit cards or services like Apple Pay and Google Pay.
In May, MoonPay broadened its reach by teaming up with BitPay for smooth cryptocurrency purchases. Furthermore, MoonPay collaborated with Element Wallet to improve its crypto transaction capabilities.
Beyond expanding its existing collaborations, it’s rumored that the company is considering acquiring Helio Pay, a business specializing in Web3 e-commerce. Reports suggest that negotiations regarding this possible purchase are ongoing, with an estimated value of approximately $150 million.
Read More
- ARB PREDICTION. ARB cryptocurrency
- What Are Silo 18’s Tunnels Connected To? Juliette’s Silo 17?
- W PREDICTION. W cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- XRD PREDICTION. XRD cryptocurrency
- Vishnu Manchu finally ENDS THE SILENCE over ongoing family feud between Manchu Manoj and Mohan Babu
- Is there preload for Path of Exile 2? Yes, but with a few caveats
- XDC PREDICTION. XDC cryptocurrency
- Mahesh Babu is back in town as he gets spotted at airport in SSMB29 look, donning a casual outfit; see PICS
- LDO PREDICTION. LDO cryptocurrency
2024-12-30 17:37