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MoonPay secures U.S. Money Transmitter licenses

The licenses, which have been secured in 16 states, are vital for companies wishing to provide money transfer services.

20 Jul 2021by Geoffrey Lyons

As a testament to our ongoing commitment to meet all regulatory and compliance standards wherever we operate, we’re excited to announce that MoonPay has secured Money Transmitter licenses in 16 U.S. states.

These licenses are vital for companies who wish to offer buy or sell services independently of third parties. We now have licenses in:

  • Alaska
  • Arizona
  • Arkansas
  • Delaware
  • Florida
  • Georgia
  • Iowa
  • Kansas
  • Maine
  • Maryland
  • Michigan
  • New Hampshire
  • New Mexico
  • North Dakota
  • Oregon
  • South Dakota

We’ve also received exemptions in Massachusetts and Wisconsin, and have submitted an additional 26 license applications for approval. We hope to have more updates on this soon.

“From day one at MoonPay, we decided that global regulatory compliance would be a foundational pillar of our business," said Ivan Soto-Wright, MoonPay’s CEO and co-founder.

“Our mission is to bring crypto to the next billion people and we aim to do that in a way that protects our customers to the highest level. In addition to MoonPay being a US FinCEN-registered Money Services Business, we are pleased to have been granted Money Transmitter licenses in 16 states and hope to have these live across all applicable US states by early 2022.”

We couldn’t be more excited for this next step in helping MoonPay serve its global customers and power the crypto economy!