Moonpay Obtains Long-Awaited BitLicense in New York | CoinDesk JAPAN

! Moonpay Gets Much-Needed BitLicense in New York State

• With the acquisition of the BitLicense, MoonPay has completed regulatory compliance across the United States, complementing the money transmitter licenses it has already obtained in 46 states and territories.
• The approval from the New York State Department of Financial Services (NYDFS) was announced just after Moonpay opened a new headquarters in New York City.

Moonpay, which provides cryptocurrency payment services and has over 20 million users, has been granted the long-awaited BitLicense and money transmitter license by the New York State Department of Financial Services.

MoonPay stated in a statement announced on June 4 (Wednesday) that with the acquisition of this BitLicense, it has completed regulatory compliance in the United States, complementing the remittance operator licenses already obtained in 46 states and regions within the U.S. It also mentioned that this will complement registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey.

Amid the advancement of federal regulations under the Trump administration, which has shown a friendly attitude towards cryptocurrencies, establishing a solid position in the United States has become more attractive than ever for companies. The approval of the BitLicense by the New York State Department of Financial Services is widely recognized as the "gold standard" in the cryptocurrency industry.

The approval from the agency was announced just after MoonPay opened its new headquarters in New York City, and according to the company, this new headquarters is currently the largest office in the United States.

"As a U.S. company headquartered in New York City, we take great pride in this milestone and look forward to working with regulators across the country to ensure that everyone can access cryptocurrency," said the company's co-founder and CEO, Ivan Soto-Wright, in a statement.