EddieJayonCrypto
4 Jun 25
Crypto payments company MoonPay has received its BitLicense and money transmitter license from the New York Department of Financial Services, allowing it to offer full fiat-to-crypto services to New York customers. The BitLicense is a stringent regulatory approval required for virtual currency busin...
MoonPay has secured New York's BitLicense and money transmitter license, enabling the company to offer full fiat-to-crypto services within the state.The BitLicense is a stringent regulatory approval required to custody and exchange digital assets in New York, considered the gold standard in U.S. financial regulation.With this latest approval, MoonPay now holds money transmitting licenses in 47 U.S. jurisdictions, alongside registrations in the United Kingdom, Australia, and Canada.New York City Mayor Eric Adams, a vocal crypto advocate, has pushed for eliminating the BitLicense to foster free Bitcoin flow and accelerate crypto industry growth in NYC.In April, MoonPay opened its new headquarters in New York City to strengthen partnerships with leading financial institutions, bridging traditional finance and the emerging crypto economy.The company achieved profitability in 2024 and notably contributed to the successful launch of President Donald Trump’s Solana meme coin.Looking ahead, MoonPay plans to continue investing heavily in talent acquisition and expand its footprint throughout New York and the broader United States.