MoonPay secures registration as the Channel Islands’ largest virtual asset service provider for Jersey, and is expanding its regulated global business even further.
Registration approved by the Jersey Financial Services Commission allows MoonPay to provide cryptographic on-ramp, off-ramp and swap services from within its jurisdiction.
Jersey is the largest islands of the 45-square-mile Channel Islands and has a population of about 107,000 people.
The move will add Jersey to the list of increased territory permitted by Moonpay, including several US states under MICA, including the UK, Australia, Canada, Italy, Ireland and the Netherlands.
MoonPay CEO Ivan Soto-Wright highlighted the company’s commitment to compliance to expand crypto access around the world.
“We look forward to continuing collaboration with regulatory agencies and providing cryptographic solutions to more users around the world,” he said.
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JFSC and Bitcoin
JFSC approved the world’s first regulated Bitcoin (BTC) investment fund in 2014 and has taken a proactive approach to cryptographic regulation. The framework provides regulatory clarity for businesses operating in the digital asset space.
VASP registration checks the company’s compliance with key standards for operating in a regulated jurisdiction, anti-money laundering and customer protection requirements.
Moonpay’s expansion to jerseys strengthens our ability to serve users both in Europe and in the broader international markets under a compliance framework.
Earlier this year, MoonPay acquired Solana-based payment processor Helio for around $175 million. Helio had processed more than $1.5 billion in transactions over three years. The acquisition allowed MoonPay to integrate Helio’s technology and expand its capabilities.
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