MoonPay, a crypto payments firm, has received approval from the Dutch Authority for the Financial Markets to operate as a licensed crypto business in the Netherlands under the EU’s Markets in Crypto-Assets (MiCA) regulations. This approval was announced on December 30, aligning with the end of MiCA's implementation phase, which allows enforcement of new rules on crypto service providers in the EU. With its new Dutch license, MoonPay continues to provide fiat-to-crypto on-ramps and crypto-to-fiat off-ramps. CEO Ivan Soto-Wright described the approval as a crucial step in strengthening the crypto industry's place in the global economy. The MiCA regulatory framework, first adopted in 2023, includes a transitional phase allowing crypto firms to operate under existing regulations until July 2026 or until they receive new licenses. MoonPay, founded in 2018, is one of the key players in providing fiat-to-crypto solutions across the US, UK, and EU. The approval reflects ongoing enforcement of rules in the crypto industry, including new regulations surrounding stablecoins, which have already led to exchanges like Tether facing delistings.

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