MoonPay, a cryptocurrency on-ramp and funds agency with over 20 million customers, has been granted a coveted BitLicense and cash transmitter license by the New York State Division of Monetary Companies (NYDFS).
The BitLicense approval completes MoonPay’s U.S. regulatory protection, complementing cash transmission licenses in 46 different U.S. jurisdictions, in addition to registrations within the UK, Australia, Canada, Italy, Eire and Jersey, the corporate stated in a press assertion on Wednesday.
Donald Trump’s crypto-friendly administration has made attaining a strong footing within the U.S. all of the extra fascinating for companies as his administration works on federal rules. The NYDFS BitLicense approval is widely known as a gold commonplace within the crypto business.
The NYDFS approval comes on the heels of MoonPay opening a brand new headquarters in New York Metropolis, which the corporate stated is now its largest U.S. workplace.
“As a U.S.-founded firm with a headquarters in New York Metropolis, we’re immensely pleased with this milestone and stay up for our continued work with regulators nationwide to make crypto accessible to everybody,” stated MoonPay co-founder and CEO Ivan Soto-Wright in a press release.
