The post MoonPay Bags BitLicense From New York: Report appeared on BitcoinEthereumNews.com.

Key Notes MoonPay is now holding the BitLicense from the NYDFS. Robinhood, PayPal, Coinbase, and Circle also hold related licenses. The firm has continued to print new partnerships that may soar with the BitLicense. Popular crypto money transmitter and infrastructure firm MoonPay has secured the acclaimed New York BitLicense. This BitLicense and money transmitter licenses ensure the firm has legal backing to provide its services in the region. The Sacred BitLicense Hall of Fame As crypto Journalist Eleanor Terrett reported, the New York State Department of Financial Services (NYDFS) handed over the licenses. Notably, this will enable MoonPay to serve customers directly in all 50 states. 🚨SCOOP: @moonpay Secures Coveted New York BitLicense PLUS, Congress holds hearings on the updated crypto market structure bill today, and a look at this week’s top headlines. ⬇️https://t.co/Ew6AKe3B6e — Eleanor Terrett (@EleanorTerrett) June 4, 2025 This marks a major milestone for the company, as it now ranks amongst a short list of top BitLicense holders. Other names on the list include Robinhood, PayPal, Coinbase, and Circle. This big Moonpay win is more significant considering that the NYDFS is regarded as the most rigorous state regulator in the United States. The entire licensing process is not just tough, it provides a high bar for compliance, cybersecurity, and financial controls. As a result, BitLicense has emerged as one of the toughest regulatory approvals for crypto firms. BitLicense is a business license for virtual currency activities issued by the NYDFS under special regulations designed for companies. Its regulatory functions with New York include cryptocurrency transmission, exchange service provision, and digital asset management. It is worth acknowledging that the Stablecoin issuer Circle was the firm that received the first BitLicense. In 2019, the NYDFS approved the application submitted by San Francisco-based SoFi to obtain a BitLicense. As of…

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Filed under: News - @ June 4, 2025 4:29 pm