MoonPay Sets New Benchmark in Bridging Crypto and Traditional Finance with NYDFS Charter
- MoonPay secures New York Trust Charter , joining Coinbase/PayPal in dual licensing (BitLicense + Trust) for crypto custody/OTC trading under NYDFS oversight. - The charter enables fiduciary services for institutions, aligning with NYDFS's rigorous standards and supporting MoonPay's institutional expansion goals. - Industry experts highlight the approval's significance, noting NYDFS's strict trust charter criteria and MoonPay's 30M-customer scale for accelerating crypto adoption. - Global regulatory compl
MoonPay, a prominent platform for cryptocurrency payments, has
The charter, awarded to MoonPay Trust Company, LLC, enables the company to deliver custody and OTC trading services while adhering to the NYDFS’s reputation as one of the toughest regulators in the country.
MoonPay’s regulatory progress is part of its larger plan to connect traditional finance with digital assets. The company has been broadening its international reach,
Industry experts have pointed out the importance of MoonPay’s dual licensing, noting that the NYDFS is highly selective when issuing trust charters.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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