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.
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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.”
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By GlobalDataAdditionally, 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.
