MoonPay has become one of the first companies to secure MiCA approval, allowing it to conduct financial services throughout the European Union. Its new license was issued by AFM, a Dutch financial regulator.

The MiCA regulation takes effect today, and the company hopes to use it as a major opportunity to expand its business in Europe. This news comes from a press release exclusively shared with BeInCrypto.

MoonPay and MiCA

Thanks to this new MiCA approval, the popular crypto payments platform will operate in the EU’s new legal framework without any regulatory challenges. Offering fiat-to-crypto and crypto-to-fiat services all across the region, MoonPay sees strong potential in leading the region’s digital assets services.

Although the strict compliance framework of MiCA has hurt major companies like Tether and Binance, several firms are seeing the regulation as a major business opportunity, and MoonPay is no exception.

“This milestone is more than just a regulatory approval—it’s a pivotal step in solidifying the crypto industry’s role in the global economy. We are excited to deepen our collaborations with regulators, businesses, and users as we pave the way for the future of crypto,” said CEO and Co-founder Ivan Soto-Wright.

In other words, with this development, MoonPay aims to avoid market irrelevance and expand dominance across the region. The company has been strategizing for significant growth opportunities in the coming year. Earlier this month, MoonPay was also reportedly in talks to acquire Helio, a DeFi payments service, for $150 million.

Meanwhile, starting today, the Markets in Crypto Assets regulation, or MiCA, could change

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Author: Landon Manning