MoonPay Secures Dual NY Crypto Regulatory Approvals
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The crypto payments company MoonPay recently achieved a significant regulatory milestone by securing a New York trust charter. This approval from the New York Department of Financial Services (NYDFS) follows its earlier acquisition of a BitLicense in June. The dual regulatory approvals mean MoonPay is now one of a select few cryptocurrency firms to hold both a trust charter and a BitLicense from the NYDFS. This strategic positioning underscores the company's commitment to operating within a robust regulatory framework in New York, enhancing its ability to offer compliant and trusted services within the state.
