simply
- Moonpay received the Bitlicense and Money transmitter license in New York.
- The company said it can operate a tolerance between the coasts in the United States.
- New York City’s “Bitcoin Market” Eric Adams recently offered to end Bitlicense.
Crypto Payments Company Moonpay announced Wednesday that it received a Bitlicense and Money transmitter license from the New York Financial Services Bureau.
MOONPAY customers headquartered in New York can now access the company’s Fiat-to-Crypto service as a whole.
Moonpay spokesman said, “New York Bitlicense allows you to provide your own service to New York customers with an important milestone of Moonpay. decoding. “New York is considered a gold standard for US financial regulations, and we are pleased to join a small company group that has passed this strict process.”
that Batisys It is a New York license necessary to carry out business by virtual currency. This allows companies to maintain custody of digital assets and perform exchange services on behalf of others.
MOONPAY, which has a NEW York license, currently owns fund transmission licenses in 47 US jurisdictions and registers in countries such as the UK, Australia and Canada.
Founded in 2015, Bitlicense was difficult to obtain for companies that wanted to perform encryption activities in the state. However, New York City Mayor Eric Adams-self-proclaimed “Bitcoin Market ”- I suggested that it should not exist anymore.
ADAMS recently said in a 2025 Bitcoin 2025 meeting in Las Vegas, “I hope you will attack in New York City and not commit crimes. Let’s eliminate the recent Bitcoin license and allow the free trend of Bitcoin in our city.”
ADAMS has recently been vocal to support the encryption industry. Host encryption summit NYC “The capital of the world.”
Moonpay helped move the needle in that direction before the new headquarters in New York City at the end of April.
Mongpay spokesman said, “New York is the world’s financial capital. Our business has always been about connecting the traditional financial industry and a new cryptocurrency economy, and now we can work closely with the world’s largest financial institutions with the new headquarters and Bitlicense in New York.
The company said it had the best fiscal year by reaching profitability in 2024. It played a pivotal role President Donald Trump’s early success of Solana Meme Coin.
Moonpay spoke: decoding“We will continue to invest in talented people in New York and the United States, and more announcements will soon come.”
Edited by Andrew Hayward
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