MoonPay Grabs Coveted BitLicense Approval In New York
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.
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.
'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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Epoch Times
24 minutes ago
- Epoch Times
Outspoken Advocate for Free Markets Heads to Brussels as US Ambassador to EU
At a White House ceremony on Aug. 20, Andrew Puzder, former CEO of CKE Restaurants, was sworn in by President Donald Trump as America's new ambassador to the European Union. Puzder, an outspoken critic of corporate politicization, the application of the environmental, social, and governance (ESG) framework, and the ideological influence of global asset managers over American companies, was confirmed for the position, based in Brussels, by the Senate on Aug. 2. The vote was 53–44.
Yahoo
an hour ago
- Yahoo
Trump demands former MSU professor resign from federal reserve board
Dr. Lisa Cook, the first woman of color to sit on the Federal Reserve Board of Governors, speaks at Michigan State University's undergraduate commencement ceremony on May 5, 2023. Cook highlighted the challenges the graduating class of 2023 have faced, including the COVID-19 pandemic and the Feb. 13 mass shooting on campus, but encouraged the graduates to savor moments of joy. (Andrew Roth/Michigan Advance) President Donald Trump is calling for the resignation of Federal Reserve Governor Lisa Cook, following allegations of mortgage fraud raised by a member of his administration. Federal Housing Finance Agency Director Bill Pulte made a criminal referral to the Department of Justice on Wednesday, accusing Cook of falsifying bank documents and property records 'to acquire more favorable loan terms,' for properties in Ann Arbor, Michigan and Atlanta, Georgia. Former President Joe Biden, a Democrat, nominated Cook to fill an empty seat on the board in 2022. She is the first Black woman to serve on the board of governors. She was confirmed for an additional, full term in 2023, with her tenure set to expire on Jan. 31, 2038. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Before she was appointed to the board, Cook was a professor of economics and international relations at Michigan State University as well as a research associate at the National Bureau of Economic Research. She was previously on the faculty for Harvard's Kennedy School of Government. Cook also served as a senior economist on the Council of Economic Advisers under Democratic former President Barack Obama from 2011 to 2012. She served as a senior adviser on finance and development in the U.S. Department of Treasury's Office of International Affairs from 2000 to 2001. Chelsea Grate, media relations assistant for the board, said they did not have anything to share when asked for comment. The allegations against Cook have emerged amidst Trump's ongoing feud with the Fed's Chair, Jerome Powell, with the president pressuring Powell to resign over his refusal to lower interest rates. Pulte has also made referrals against New York Attorney General Letitia James, who secured a $464 million fraud judgment against Trump for misrepresenting his assets in financial statements, and Sen. Adam Schiff (D-Calif.) who served as the lead prosecutor in Trump's first impeachment, accusing both of mortgage fraud.
Bloomberg
an hour ago
- Bloomberg
Fed's Cook Says She Won't Be Bullied Into Stepping Down
Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank in defiance of calls for her resignation by President Donald Trump over allegations of mortgage fraud. 'I have no intention of being bullied to step down from my position because of some questions raised in a tweet,' Cook said in a statement. 'I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts.'
