MoonPay Secures New York Trust Charter, Expands Institutional Crypto Services
PositiveCryptocurrency

- MoonPay has secured a New York Trust Charter, complementing its existing BitLicense, which allows the firm to legally custody assets and offer over-the-counter (OTC) trading services under the oversight of the New York Department of Financial Services (NYDFS).
- This development positions MoonPay among a select group of cryptocurrency companies with both a BitLicense and Trust Charter, enhancing its credibility and operational capabilities in the rapidly evolving crypto market.
- The acquisition of these licenses reflects a broader trend of increasing regulatory scrutiny and formalization within the cryptocurrency sector, as companies seek to establish trust and compliance in a landscape marked by volatility and regulatory challenges.
— via World Pulse Now AI Editorial System

