Cryptocurrency payments company Moonpay said it will be able to serve users in all 50 states of the United States after New York is approved.
Moonpay said in a June 4 notice that the New York State Department of Financial Services (NYDFS) indeed Its US company has Bitlicense and currency transmitter licenses. Adding Bitlicense makes Moonpay one of 35 digital currency businesses operate in New York State.
“With our New York Bitlicense and Currency Transmitter licenses, Moonpay now has a golden regulatory stack for cryptocurrencies in the U.S., allowing us to serve customers directly in every state without coverage,” said Ivan Soto-Wright, co-founder and CEO of Moonpay.
Under the Bitlicense program, any digital asset business or resident management investment in New York must be licensed. The regime is Currently under review New York City Mayor Eric Adams and other elected officials have called for an end to the plan at the 2025 Bitcoin conference in Las Vegas.
Related: New York City Auditor General rejects Mayor Adams’ proposal to support bonds by Bitcoin
Moonpay notice is issued after about a month of the company Announce It plans to open a new headquarters in New York City. The payment platform said in December 2024 Approved Under the EU market, Crypto Assets (MICA) framework is used as the Netherlands’ licensed crypto business.
https://www.youtube.com/watch?v=ziirhv3cbog
If you can do this here, can you do it anywhere?
As an important economic hub, New York and its largest cities Often become the focus Cryptocurrency companies seeking to break into the U.S. market.
Anchor numbers, circles, Twenty and Gemini have scales that operate in the state, but the program is also subject to regulatory and legal scrutiny. January 2024, Genesis Global Transactions Agree to give up its bitlicense As part of the settlement with NYDFS, investors were allegedly deceived through the Gemini Money-making Program.
Adams still faces a political backlash after Justice Department officials recently stepped in and directed local authorities to evacuate the mayor of New York City. At the same time, he seems to have strengthened his support for the digital asset industry. Holding a crypto summit And speak at the Bitcoin 2025 conference.
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