Renowned crypto infrastructure service provider MoonPay marked a monumental stride on Monday, securing the Markets in Crypto-Assets (MiCA) approval in The Netherlands. This mover, aligning with the firm’s expansion plans in Europe, has gained significant traction while empowering crypto payments across the region. Meanwhile, the monumental achievement amid speculations of a continued bull cycle in 2025 has sparked additional investor enthusiasm among Dutch investors.
MoonPay Gets MiCA Approval In The Netherlands
According to an official X post by MoonPay dated December 30, the firm “received approval under the Markets in Crypto-Assets (MiCA) regulation in The Netherlands.” This achievement enables the crypto services firm to offer digital asset payments-related services across Europe.
Meanwhile, this mover also follows the crypto infrastructure’s previous plans to acquire Helio as it sought to bolster crypto services for users. CoinGape reported previously that the Helio deal was worth about $150 million, whereas there was no official confirmation from the involved parties yet. Nevertheless, the recent MiCA approval is sure to offer the firm a gush of users promptly after its launch.
EU’s Final MiCA Policy Draft Into Works?
Meanwhile, it’s also noteworthy that the EU recently released its final MiCA regulation policy draft earlier this month. Set to take effect on December 30, 2024, the MiCA regulation is primarily scoped in on market abuse prevention.
Notably, the final draft policy boasted new standards, outlining systems for detecting and reporting suspicious activities, including in cross-border cases. Overall, the MoonPay crypto platform‘s monumental feat following the final MiCA regulation policy draft submission has sparked a wave of market discussions.
Meanwhile, MoonPay’s new offering for Dutch users could also aid in uplifting the current market sentiment, offering a gush of new investors an opportunity to trade crypto. Bitcoin and top crypto are currently experiencing a highly volatile movement in light of broader trends, urging investors to have a low-risk appetite.
The post MoonPay Secures MiCA Approval In The Netherlands Amid Europe Expansion Plans appeared first on CoinGape.
