MoonPay has received its BitLicense and money transmitter license from the New York Department of Financial Services, enabling it to offer full fiat-to-crypto services to customers in New York. This milestone allows MoonPay to operate seamlessly across the United States, holding money transmitting licenses in 47 jurisdictions. The BitLicense is a critical regulatory requirement for businesses handling virtual currencies in New York, historically noted for its rigorous application process. Despite this achievement, New York City Mayor Eric Adams has voiced support for abolishing the BitLicense to facilitate a more open crypto market. Adams, known as the 'Bitcoin Mayor,' recently expressed desires for New York to become a hub for cryptocurrency, advocating for less restrictive regulations to bolster the industry's presence in the city. MoonPay also recently launched a new headquarters in New York, aiming to enhance collaboration with major financial institutions. The firm plans to continue investing in talent and expanding its services closely aligned with the evolving financial landscape.

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