MoonPay Gains NYDFS Approval for Expansion

MoonPay Secures Dual NYDFS Licenses for Expanded Crypto Services

• MoonPay has received a Limited Purpose Trust Charter from the New York Department of Financial Services (NYDFS).
• The company also holds a BitLicense, making it one of the few firms with both major New York crypto licenses.
• This dual regulatory approval allows MoonPay to offer comprehensive crypto services in New York State.
• The Limited Purpose Trust Charter enables MoonPay to provide custody and fiduciary services for digital assets.
• Other major companies with both licenses include Coinbase, PayPal, Ripple, and NYDIG.

MoonPay’s acquisition of the Limited Purpose Trust Charter alongside its existing BitLicense positions it among a select group of firms authorized to offer extensive crypto services under New York’s stringent regulatory framework. This development enhances its ability to provide custody and other fiduciary services for digital assets.