MoonPay Secures Money Transmitter Licenses Across USA | News

MIAMI–(BUSINESS WIRE)–Jul 21, 2021–

MoonPay, the global payments solution for cryptocurrency, has secured Money Transmitter licenses across 16 states in the United States, a testament to the business’s ongoing commitment to meet the highest standards of regulatory compliance across the country.

MoonPay now has licenses in Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Iowa, Kansas, Maine, Maryland, Michigan, New Hampshire, New Mexico, North Dakota, Oregon, South Dakota and has submitted for approval an additional 26 license applications. It has also received exemptions in the states of Massachusetts and Wisconsin.

Money Transmitter licenses are vital for companies providing a buy or sell service in the United States who wish to provide an independent offering to their customers, rather than relying on a third party. Securing these licences further demonstrates MoonPay’s focus on complying with all legal and financial regulations across all markets in which the business operates.

Ivan Soto-Wright, CEO and co-founder of MoonPay said, “MoonPay’s mission is to bring crypto to the next billion people and democratize access to finance. We are here to build a business for the long-term and as part of this journey we are committed to upholding the highest standards of global regulatory compliance. The progress we have made so far in…