With these regulatory approvals, MoonPay now holds licenses across all 50 US states. The firm currently operates money transmission licenses in 46 jurisdictions outside New York, while maintaining registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey. Additionally, in late 2024, MoonPay became one of the first firms to receive a crypto asset service provider license under the European Union’s Markets in Crypto-Assets (MiCA) framework.
This authorization places MoonPay alongside a select group of entities permitted to conduct virtual currency business in New York. Company officials stated that obtaining these New York licenses was a significant milestone in completing MoonPay’s compliance structure within the US and signaled the firm’s intention to continue working with regulators to increase access to crypto services across the nation.
Following this, MoonPay launched its new US headquarters in New York City, which is now one of its largest domestic offices. This initiative comes at a time of growth for the US crypto sector, as regulatory clarity continues to improve. MoonPay aims to contribute to the development of a regulatory framework that supports innovation while protecting consumers.
The company has also been actively involved in initiatives like participating in the Commodity Futures Trading Commission’s (CFTC) Crypto CEO Forum and collaborating with other firms such as Tether, Ripple, Coinbase, Circle, and Crypto.com. Furthermore, representatives from MoonPay submitted a letter to Congress supporting amendments proposed by the Conference of State Bank Supervisors (CSBC) to the STABLE and GENIUS Acts. In their submission, they advocated for equal recognition of state-regulated stablecoin issuers while cautioning against legislation that could restrict competition at the state level.