MoonPay Secures Money Transmitter Licenses Across USA
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-Wrght, 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 the United States is testament to this commitment.
"In addition to MoonPay being a US FinCEN-registered Money Services Business, we are pleased to have been granted Money Transmitter licenses in 18 states and hope to have these live across all applicable US states by early 2022."
MoonPay is a financial technology company that builds payments infrastructure for crypto. Their on-and-off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit card, local bank transfers, Apple Pay, Google Pay, and Samsung (News - Alert) Pay. MoonPay is active in more than 160 countries and is trusted by 250+ leading wallets, websites, and applications to accept payments and defeat fraud. For more information visit https://www.moonpay.com/