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MoonPay Secures Regulatory Approval to Expand Crypto Services in New York
MoonPay Secures Regulatory Approval to Expand Crypto Services in New York
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MoonPay has obtained a BitLicense and a Money Transmitter License from the New York State Department of Financial Services, marking a pivotal expansion into one of the world's most stringent regulatory markets. The approval enables the company to offer compliant cryptocurrency services to New York residents, reinforcing its position as a trusted player in the digital asset space.
New York's regulatory framework is notoriously rigorous, making this licensure a significant milestone for MoonPay. The company's adherence to state laws underscores its commitment to security and reliability, potentially setting a benchmark for other crypto service providers seeking to operate in the region.
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