EU Digital Asset Regulatory Framework Expanded by MoonPay Acquisition of MiCA License

MoonPay has successfully secured a Markets in Crypto-Assets (MiCA) license from the Dutch Authority for Financial Markets (AFM), enabling it to expand its presence across the European Union (EU). As of December 30, 2024, the MiCA regulations will come into full effect, bringing about stricter regulatory frameworks for digital asset service providers like MoonPay.

The approval signifies that MoonPay has met the required standards and criteria set forth by the Dutch regulator, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements. This milestone achievement paves the way for the company to further solidify its position as a prominent player in the digital asset industry.

For MoonPay, this authorization will enable it to tap into the massive European market, allowing more users and businesses to leverage cryptocurrency payments, buying, trading, and selling via various payment methods such as Venmo, PayPal, Apple Pay, debit and credit cards, and bank transfers.

Source: coinjournal.net