MoonPay and ZBD Secure MiCA Licenses for EU Expansion

• MoonPay, BitStaete, ZBD, and HiddenRoad gain MiCA licenses to operate across all 27 EU countries.
• MiCA regulations provide a unified framework for compliant crypto firms, promoting transparency and security in the EU market.

The Markets in Crypto-Assets (MiCA) rule has sparked a wave of change in the European Union’s cryptocurrency ecosystem, providing a consistent framework for digital assets.

Companies including MoonPay, BitStaete, FinTech ZBD, and Hidden Road have obtained the MiCA license from the Netherlands, allowing them to run unhindered throughout all 27 EU members.

MoonPay, BitStaete, FinTech ZBD and HiddenRoad have been awarded the Markets in Crypto-Assets (MiCA) license by the Netherlands, allowing them to operate throughout the 27-country European Union. https://t.co/IauKVLOeW9

— Wu Blockchain (@WuBlockchain) January 6, 2025

This success marks a significant milestone for these companies, as the license ensures not only legal compliance but also aids in positioning them in the competitive crypto market.Ivan Soto-Wright, CEO and co-founder of MoonPay, stated:

“MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework.”

MoonPay and MiCA’s Impact on Europe’s Stablecoin Market

Regulating clarity is driving fast expansion in the European stablecoin sector in line with MiCA’s objectives. Supported by big exchanges like Binance and Coinbase, compliant tokens like Circle’s EURC and Société Générale’s EURCV have caught most of the market share.

Reflecting the wider acceptance of MiCA-compliant assets across Europe, these platforms have been quite important in improving the accessibility of these tokens to traders.

When MiCA is fully implemented on December 30, 2024, it will confirm its central importance as a fundamental framework for crypto-asset governance inside the EU. The policy imposes strict criteria on crypto-asset service providers, including following openness rules and getting operating permission.

Furthermore, obligated issuers of asset-referenced tokens and e-money tokens have been meant to provide dependability and stability in the digital asset ecosystem. These steps show how aggressively the EU is in building a regulated but creative environment for cryptocurrency.

MoonPay, on the other hand, is apparently under negotiations to acquire Helio for more than $150 million. Using their individual strengths, the two companies had before worked together to streamline crypto transactions for enterprises and entrepreneurs, according to CNF.

Already, this alliance lets consumers easily handle payments with major fiat choices such as credit and debit cards, Apple Pay, Google Pay, PayPal, and PayPal in addition to cryptocurrency.