Latest news with #NYDFS
Yahoo
2 days ago
- Business
- Yahoo
MoonPay gains BitLicense and money transmitter licence in New York
MoonPay has secured BitLicense and money transmitter licences from the New York State Department of Financial Services (NYDFS), enabling the company to extend its cryptocurrency services to residents of New York. This regulatory nod allows New Yorkers to access MoonPay's complete range of fiat-to-crypto services, including the purchase and sale of cryptocurrencies through various payment methods and the MoonPay Balance feature. The BitLicense, a regulatory standard within the cryptocurrency industry, completes the firm's regulatory framework across the US, enabling it to serve in all 50 states. The announcement comes shortly after the crypto payments company revealed its new headquarters in New York City. MoonPay CEO and co-founder Ivan Soto-Wright said: 'With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the U.S., allowing us to directly serve customers in every single state without gaps in coverage. '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.' Additionally, MoonPay is registered in multiple international regions, including the UK, Australia, Canada, Italy, Ireland, and Jersey. In December 2024, MoonPay secured a crypto asset service provider licence under the EU's Markets in Crypto Assets (MiCA) regulation. Last month, MoonPay partnered with Mastercard to facilitate global stablecoin transactions using Mastercard-branded cards. "MoonPay gains BitLicense and money transmitter licence in New York " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
MoonPay Grabs Coveted BitLicense Approval In New York
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. 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.
