The cryptocurrency payment company Moonpay said that it would be able to offer its service to users in the 50 US states after receiving license approval in New York.
In a notice of June 4, Moonpay said that the New York State Financial Services Department (NYDFS) had granted its American company a Bitlicense and a silver issuer license. The addition of The Bitlidense makes Moonpay one of the 35 digital currency companies capable of operating in New York.
“With the approval of our Bitlicense and Silver issues in New York, Moonpay now holds the Golden Regulatory battery for the crypto in the United States, allowing us to serve customers directly in each state without gaps,” said the co-founder and CEO of Moonpay, Ivan Soto-Wright.
As part of the Bitlidense program, any digital asset company in New York or the management of residents’ investments must obtain the license. The regime is currently under control by elected officials such as the mayor of New York, Eric Adams, who called at the end of the program at the Bitcoin 2025 conference in Las Vegas.
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The Moonpay opinion occurred about a month after the company announced that it was planning to open a new headquarters in New York. The payment platform said in December 2024 that it had received approval to operate as an enforced cryptography company in the Netherlands as part of the Crypto markets in the European Union (MICA).
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If you can do it here, you can do it anywhere?
As an important economic center, New York and its largest city have often been at the center of which cryptocurrency companies are looking to make breakthroughs on the American market.
Digital anchorage, Circle, Coinbase and Gemini all have licenses to operate in the state, but the program is also subject to a regulatory and legal examination. In January 2024, Genesis Global Trading agreed to give up his license as part of a regulation with the NYDFS to defraud investors via the Gemini Earn program.
Adams still faces a political umbrella after officials of the Ministry of Justice recently intervened and ordered local authorities to abandon a corruption case against the mayor of New York. At the same time, he apparently intensified his support for the digital asset industry, organizing a cryptography summit and speaking during the Bitcoin 2025 conference.
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