MoonPay to operate in all 50 US states after NY BitLicense approval
According to the payments company, it had secured approval across a patchwork of regulatory regimes in individual US states allowing it to operate across the country.
Cryptocurrency payments company MoonPay said it would be able to offer its service to users in all 50 US states after receiving licensing approval in New York.
In a June 4 notice, MoonPay said the New York State Department of Financial Services (NYDFS) granted its US company a BitLicense and a money transmitter license. The addition of the BitLicense makes MoonPay one of 35 digital currency businesses able to operate in New York State.
“With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the US, allowing us to directly serve customers in every single state without gaps in coverage,” said MoonPay co-founder and CEO Ivan Soto-Wright.