MoonPay has received authorization to function as a regulated crypto business in the Netherlands.
The license was granted by the Dutch Authority for the Financial Markets on December 30, in line with the European Union’s Markets in Crypto-Assets (MiCA) regulations.
These rules, which were adopted in 2023, became fully applicable to cryptocurrency service providers across the EU on the same day.
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MoonPay, founded in 2018, has become a key player in providing users with easy access to cryptocurrency. The company’s services include partnerships with platforms like PayPal, which allows seamless fiat-to-crypto transactions in regions such as the United Kingdom and the United States.
The full enforcement of MiCA marks the end of its implementation phase and the start of an 18-month transition.
During this period, companies operating under existing laws can continue their services while adapting to MiCA requirements. Businesses already in compliance may remain active until mid-2026 or until regulators finalize their licensing decisions.
With this license, MoonPay will continue to offer its services, including converting fiat currency to crypto and vice versa, under the new Dutch license. Co-founder and CEO Ivan Soto-Wright described this achievement as an important step for the cryptocurrency industry.
As MoonPay secures its place under MiCA regulations, Russia recently permitted using digital financial assets (DFAs), including Bitcoin
