April 3, 2025
Headlines

MoonPay Secures Money Transmitter License in Wisconsin, Expands U.S. Crypto Services

Web Desk03 mins
MoonPay, a leading cryptocurrency payment platform, has obtained a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions, as announced in a press release on March 14, 2025.

This approval enables MoonPay to expand its services in Wisconsin, the 20th most populous U.S. state, allowing residents to use MoonPay Balance for fee-free crypto purchases, excluding ecosystem and network fees. Wisconsin’s growing interest in cryptocurrency—highlighted by its status as the first U.S. state government to buy Bitcoin last year—underscores the strategic importance of this license, bringing MoonPay’s total MTL count to 46 across the U.S. and reinforcing its commitment to regulatory compliance and consumer-focused innovation.

MoonPay co-founder and CEO Ivan Soto-Wright stated, “With this license, we reinforce our commitment to compliance and consumer-first innovation. This milestone strengthens our position as a fully regulated platform.” Stay informed on crypto regulatory developments with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.

This expansion aligns with MoonPay’s recent efforts to enhance its crypto infrastructure, including the acquisition of Iron, a stablecoin infrastructure startup, to bolster enterprise payment solutions with instant, low-cost stablecoin transactions. This marks MoonPay’s second major acquisition in two months, following the January 2025 purchase of Helio for approximately $175 million, a firm that has processed over $1.5 billion in transactions in three years, bridging traditional and decentralized finance. These moves position MoonPay as a key player in connecting fiat and crypto economies, especially as Bitcoin’s price volatility below $80,000 and broader market uncertainties like U.S. tariffs drive demand for regulated on-ramps.

For crypto investors, MoonPay’s licensing progress signals growing institutional adoption, but its success depends on user trust and regulatory stability, with resources like Crypto News Updates on news.thecoininfo.com keeping you updated on this pivotal expansion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News