Moonpay, a cryptocurrency and payment ramp company with more than 20 million users, obtained an applied bit license and silver issuer coveted by the New York State Financial Services Department (NYDFS).
Bitlidense approval completes the American regulatory coverage of Moonpay, supplementing money transmission licenses in 46 other American jurisdictions, as well as registrations in the United Kingdom, Australia, Canada, Italy, Ireland and Jersey, the company announced in a press release Wednesday.
Donald Trump’s user-friendly administration has returned a solid base in the United States, all the more desirable for businesses, because its administration is working on federal regulations. The approval of the Bitlidense Nydfs is widely recognized as a gold stallion in the cryptography industry.
NYDFS Approval intervenes on Moonpay’s heels opening a new head office in New York, which, according to the company, is now its largest American office.
“As a business founded in the United States with a headquarters in New York, we are extremely proud of this important stage and we are delighted with our continuous work with the country’s regulators to make the crypto accessible to all,” said the co-founder and CEO of Moonpay, Ivan Soto-Wright in a press release.
