MoonPay Enters Dutch Market Following MiCA Approval

MoonPay yesterday announced it has received official approval from the Dutch Authority for the Financial Markets (AFM) under the Markets in Crypto-Assets (MiCA) regulation.

This license, which was granted on December 30, 2024, positions MoonPay as one of the first companies to secure this highly sought-after regulatory approval.

The MiCA framework, created by the European Union, is designed to establish a comprehensive regulatory structure for digital assets, with a focus on protecting consumers, promoting transparency, and maintaining market integrity.

As a result of this approval, MoonPay is able to continue offering its fiat-to-crypto and crypto-to-fiat services throughout the European Economic Area (EEA), including its expanding operations in the Netherlands.

According to Ivan Soto-Wright, MoonPay’s CEO and co-founder, this approval reflects the company’s proactive approach to regulation and dedication to establishing a trustworthy connection between the traditional financial industry and the rapidly evolving crypto world.

He also expressed pride in being among the first to embrace this new regulatory framework through collaborative work with the Dutch AFM.