MoonPay Receives BitLicense and Money Transmitter License from NYDFS
MoonPay has received a BitLicense and money transmitter license from the New York State Department of Financial Services (NYDFS), completing its U.S. regulatory coverage. Key points include:
- MoonPay holds money transmission licenses in 46 U.S. jurisdictions.
- It has registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey.
- The approval aligns with MoonPay's recent opening of a new headquarters in New York City.
- The BitLicense is viewed as a significant achievement in the crypto industry.
CEO Ivan Soto-Wright expressed pride in this milestone and emphasized the company's commitment to working with regulators to enhance crypto accessibility.