MoonPay UK Officially Launches as a Registered Cryptoasset Business

MoonPay is set to migrate its UK operations to MoonPay (UK) Ltd this Friday, September 1. As a cryptoasset business registered by the Financial Conduct Authority (FCA), we are proud to introduce two major shifts in our operation.

Firstly, we have adapted to the newly imposed Travel Rule requirements within the UK, allowing us to continue offering our services in compliance with local regulations. 

Secondly, we have carefully localised our services, and will continue to localise them, to align with the local regulatory requirements for the protection of our UK customers while providing them a trusted and transparent service.

In order to comply with these new requirements, the following updates were made to our products.

Travel rule compliance

MoonPay has implemented controls and processes to ensure that applicable transactions meet local Travel Rule requirements that have been implemented by the updated Money Laundering Regulations. 

Operating as a registered cryptoasset business

MoonPay has implemented the following to align with local regulatory requirements:

• A unique set of terms and conditions tailored to the needs of UK customers.