MoonPay secures VASP registration in Jersey

Moonpay obtained recording as a supplier of virtual asset services in Jersey, the largest in the Anglo-Norman Islands, further expanding its regulated global operations.

The recording, approved by the Jersey Financial Services Commission, allows Moonpay to offer crypto services on a ramp, excluding ramp and exchange from the jurisdiction, crypto.News can make a report exclusively.

Jersey is the largest in the Anglow islands, 45 square miles, with a population Out of some 107,000 inhabitants.

This decision adds Jersey to a growing list of territories where Moonpay is authorized to operateIncluding the United States, the United Kingdom, Australia, Canada, Italy, Ireland and the Netherlands under Mica.

Moonpay CEO Ivan Soto-Wright underlined the company’s commitment to compliance because it widens access to crypto in the world.

“We are delighted with continuous collaboration with regulatory organizations to provide our crypto solutions to more users around the world,” he said.

JFSC and Bitcoin

The JFSC adopted a proactive approach to the regulation of cryptography, having approved The first regulated bitcoin in the world (BTC) Investment funds in 2014. Its manager offers regulatory clarity to companies operating in digital asset space.

Row Registration confirms the membership of a company to the requirements to combat money laundering and customer protection, key criteria to operate in regulated jurisdictions.

The expansion of Moonpay in Jersey strengthens its capacity to serve users in Europe and on the larger international market in a compliant setting.

Earlier this year, Moonpay acquired The Solana Helio payment processor for around $ 175 million. Helio had treated more than $ 1.5 billion in transactions in three years. The acquisition has enabled Moonpay to integrate Helio technology and expand its DEFI capacities.