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# MoonPay obtains MiCA license in the EU: what does this mean for crypto?



The cryptocurrency payment platform MoonPay has just received approval from the Dutch Authority for the Financial Markets to operate under MiCA (Markets in Crypto-assets), the regulatory framework of the European Union that came into full effect on December 30.

**Why does it matter?**

This is not just anything. MiCA is the EU's first comprehensive regulatory framework for cryptocurrency services. While "legacy" platforms have until July 2026 to regularize, MoonPay has already obtained its official license. This means it can continue operating its fiat-to-crypto ramps without legal issues across the European Union.

MoonPay CEO Ivan Soto-Wright described it as "a fundamental step in consolidating the role of crypto in the global economy." Translation: the industry is gaining institutional legitimacy.

**The broader context**

Since MiCA was approved in 2023, the EU has been putting pressure. For example, since June, stablecoins have been under regulatory scrutiny, which led some exchanges to delist USDT (Tether). The trend is clear: progressive but orderly regulation.

MoonPay, founded in 2018, is one of the leading crypto onboarding providers globally. Its approval could serve as a reference for other platforms looking to comply with MiCA.
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