MoonPay Secures New York BitLicense, Joins Coinbase and Others as Congress Holds Crypto Market Hearings

MoonPay has obtained its New York BitLicense, authorizing the cryptocurrency firm to operate across all 50 U.S. states. This regulatory approval places MoonPay among a select group of crypto-native companies, including Coinbase, Anchorage, and Circle, that have been authorized by the New York Department of Financial Services (NYDFS) to conduct business in the state.

The BitLicense is a key regulatory requirement for cryptocurrency firms seeking to operate in New York, one of the most stringent regulatory environments in the United States. This development coincides with ongoing congressional hearings on updated legislation concerning the cryptocurrency market structure.

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