MoonPay Finally Gets NY’s Toughest Crypto Seal of Approval! 🚀

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Ah, what a grand day for the illustrious MoonPay! The popular crypto money transmitter has, after much ado, bagged the legendary BitLicense from New York—yes, that same formidable guardian of the crypto realm. Now the company can legally prance about in the Empire State, serving customers in all fifty states, as if they owned the place. 🎉

The Sacred BitLicense Hall of Fame

Thanks to the illustrious Eleanor Terrett, we learn that the NYDFS, that stern crusty guardian of financial virtue, handed over these coveted tokens of legitimacy. No more clandestine dealings in the shadows—MoonPay is now a bona fide citizen of the land of regulation. And fancy that! This triumph puts them among giants like Robinhood, PayPal, Coinbase, and Circle—because nothing says “trust me” like a government stamp. 😉

🚨SCOOP: @moonpay Secures Coveted New York BitLicense

And Congress is busy pontificating on crypto laws while the world watches. Plus, the latest headlines—because why not? ⬇️

— Eleanor Terrett (@EleanorTerrett) June 4, 2025

This victory is nothing short of a miracle for MoonPay, placing it in an exclusive club of approved firms. The NYDFS, known as the strictest of all state regulators—perhaps even the most formidable in the universe—has set the bar high. Only the brave, the compliant, and the cybersecurity-obsessed get this badge of honor. Truly, the BitLicense is the knight’s shield of the crypto world, forged in the fiery furnace of legal wrangling and regulatory hell. 🔥

In essence, the BitLicense is a special rune of permission bestowed upon crypto entities to unleash their digital magic—transmitting coins, exchanging tokens, managing assets—all under the watchful eye of New York’s stern regulators. Interestingly, the first to receive this blessing was the noble issuer Circle, proving front-runner status in this exclusive club. 🏅

Back in 2019, even the giants like San Francisco’s SoFi tried their luck—only to be rebuffed for insufficient security and legality. As of December 2024, only 25 brave souls, including Coinbase, Gemini, and Bittrex, have earned the right to wear this badge of honor. Those who faltered did so due to lack of Fortress-like security. Sorry, no free passes here! 💪

Anchorage Digital, the custodial titan, snatched a BitLicense in late 2024, allowing it to serve institutional clients with the same sternness as a Russian czar—though it waited until early 2025 to truly begin the show. Only Anchorage Digital and Cumberland managed to grab this coveted prize—no more, no less. A small club, indeed! 🏆

Other Licenses and MoonPay’s Global Caper

Before storming the gates of NY, MoonPay had been busy elsewhere. Almost half a year ago, the ambitious firm secured a license to march into the Dutch crypto playground, right before the grand European Union’s MiCA framework took full swing. Talk about being ahead of the game—these folks love to stay in front! 😂

MoonPay’s passport collection includes Liechtenstein, Italy, the UK, and Ireland—thanks to various Virtual Asset Service Provider licenses. CEO Ivan Soto-Wright claims this is a sign of their unwavering dedication to obeying the rules, unlike some reckless pirates of the crypto seas. 🏴‍☠️

In the realm of alliances and acquisitions, MoonPay did not sit idly by. Early this year, it bought Helio, a Solana-based payment wizard, at a hefty price tag of $175 million. Perhaps they seek to turn the crypto world into a tidy little playground under their command. With the revered BitLicense now in their possession, expect more deals—and possibly more sleepless nights for competitors! 😏

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2025-06-04 21:54