Famous crypto infrastructure service provider MoonPay took an important step by receiving Markets in Crypto-Assets (MiCA) approval in the Netherlands. This development is seen as an important milestone in line with the company’s goals of strengthening crypto payment services across Europe. This approval has increased investor interest among Dutch investors, with the upward trend expected to continue in 2025.
MiCA Approval and Its Impact in Europe
According to MoonPay’s official X post dated December 30, the firm has received approval under the Markets in Crypto-Assets (MiCA) regulation in the Netherlands. This approval allows the crypto services provider to offer services related to crypto asset payments across Europe.
Additionally, MoonPay follows its plans to acquire Helio in order to strengthen the crypto services it offers to its users. As previously reported, the Helio deal was stated to be worth around $150 million, but no official confirmation has yet come from the parties involved. However, the recent announcement of MiCA approval to the market will enable the company to quickly gain users.
MiCA Policy Draft
The European Union published its final MiCA policy draft earlier this month. This regulation, which is expected to come into force on December 30, 2024, focuses primarily on preventing market abuse. The latest policy draft introduces new standards for detecting and reporting suspicious activities, ensuring systems operate effectively even in cross-border situations.
Additionally, MoonPay’s new services to Dutch users may help improve current market sentiment. This offers new investors the opportunity to trade crypto, while Bitcoin $93,746.2 and other top cryptocurrencies are experiencing high volatility in light of broad trends, requiring investors to maintain low risk appetite.
In MoonPay’s official statement, it was stated that their expansion strategy in Europe will continue.
MoonPay’s receipt of MiCA approval in the Netherlands is considered a strategic step taken to strengthen the company’s presence in the European market. This development is seen as part of Europe-wide efforts to legitimize crypto services.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
