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MoonPay Secures MiCA Approval in Netherlands

MoonPay Secures MiCA Approval in the Netherlands

MoonPay has obtained MiCA approval in the Netherlands, bolstering its crypto payment services across Europe. The milestone has sparked growing interest among Dutch investors, aligning with a positive market trend into 2025.

MoonPay, a renowned provider of crypto infrastructure, has made a substantial stride by obtaining Markets in Crypto-Assets (MiCA) sanction in the Netherlands.

This development is regarded as a critical milestone in the company’s endeavor to improve crypto payment services throughout Europe. This approval has sparked a surge in interest in investments among Dutch investors, a trend that is anticipated to persist into 2025.

MiCA Approval and Its Effect on Europe

The corporation was granted approval in the Netherlands under the MiCA regulation, as indicated in MoonPay’s official X post dated December 30. This approval enables the company to provide services related to crypto asset payments throughout Europe.

Additionally, MoonPay is implementing this initiative by acquiring Helio in order to enhance the crypto services it provides to its users. The Helio transaction was previously reported to be worth approximately $150 million; however, the parties involved have not yet provided official confirmation.

However, the firm is anticipated to rapidly acquire consumers as a result of the impending announcement of the MiCA approval.

MiCA Policy Draft

The most recent proposal of the MiCA policy was published by the European Union earlier this month. The primary objective of this regulation, which is scheduled to be implemented on December 30, 2024, is to prevent market exploitation.

The most recent policy draft establishes new standards for the detection and reporting of suspicious activities, thereby guaranteeing the efficient operation of the system in cross-border scenarios.

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