MoonPay, a leading cryptocurrency payment platform, has achieved a significant milestone by securing the coveted BitLicense from the New York State Department of Financial Services (NYDFS). This approval, announced on June 4, 2025, marks a pivotal moment for the company, enabling it to operate in one of the most tightly regulated financial markets in the United States.
Alongside the BitLicense, MoonPay also obtained a money transmitter license in New York, completing the necessary regulatory requirements to offer its services across all 50 US states. This expansion eliminates any coverage gaps, allowing the platform to provide seamless access to cryptocurrency transactions for millions of users nationwide.
MoonPay's achievement is particularly noteworthy given the stringent requirements of the BitLicense, which is often seen as a benchmark for regulatory compliance in the crypto industry. The company joins a select group of firms that have successfully navigated New York's rigorous standards, reinforcing its position as a trusted player in the digital payments space.
With over 20 million users globally, MoonPay offers a user-friendly interface for buying and selling cryptocurrencies using various payment methods, including credit cards, bank transfers, and digital wallets like Apple Pay and PayPal. This latest regulatory win is expected to further boost its adoption in the US market, where demand for crypto services continues to grow.
The timing of this approval comes amidst mixed sentiments about the BitLicense, with New York City Mayor Eric Adams recently expressing criticism of the licensing framework. Despite such debates, MoonPay's ability to secure the license underscores its commitment to regulatory compliance and customer trust.
As MoonPay rolls out its services coast-to-coast, industry observers anticipate that this expansion will pave the way for further innovations in the crypto payment sector. The company’s global partnerships, including collaborations with Mastercard, also hint at broader ambitions beyond the US market.
Maria Lourdes
