New York - MoonPay, a cryptocurrency on-ramp and payments firm, secured a BitLicense and money transmitter license from the New York State Department of Financial Services (NYDFS). This approval marks a significant expansion of MoonPay's U.S. regulatory coverage.
The BitLicense approval completes MoonPay's U.S. regulatory coverage. MoonPay already holds money transmission licenses in 46 other U.S. jurisdictions. The company also has registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey.
The NYDFS BitLicense is considered a gold standard in the crypto industry. This approval follows MoonPay's recent opening of a new headquarters in New York City, now its largest U.S. office.
"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," said MoonPay co-founder and CEO Ivan Soto-Wright.