Renowned crypto infrastructure provider MoonPay has taken a significant step by receiving Markets in Crypto-Assets (MiCA) approval in the Netherlands. This development is seen as a crucial milestone in the company’s goal to enhance crypto payment services across Europe. Among Dutch investors, this approval has increased interest in investments, coinciding with a rising trend expected to continue into 2025.
MiCA Approval and Its Impact in Europe
According to MoonPay’s official X post dated December 30, the company received approval under the MiCA regulation in the Netherlands. This approval allows the firm to offer services related to crypto asset payments throughout Europe.
Furthermore, MoonPay is following this step with plans to acquire Helio to strengthen the crypto services it offers to users. The Helio deal was previously reported to be approximately 150 million dollars; however, there has not yet been official confirmation from the involved parties. Nevertheless, the imminent announcement of the MiCA approval is expected to enable the firm to quickly gain users.
Draft of MiCA Policy
The European Union published the latest MiCA policy draft earlier this month. This regulation, set to take effect on December 30, 2024, primarily focuses on preventing market abuse. The recent policy draft introduces new standards for detecting and reporting suspicious activities, ensuring effective system operations even in cross-border situations.
Additionally, the new services that MoonPay offers to Dutch users could help improve current market sentiment. This will present opportunities for new investors to trade in crypto, while the high volatility of Bitcoin 
$94,459 and other major cryptocurrencies necessitates investors to maintain a low-risk appetite.
MoonPay’s official statement indicated that its expansion strategies in Europe would continue. The MiCA approval in the Netherlands is considered a strategic move to strengthen the firm’s presence in the European market, as part of broader efforts to legitimize crypto services across Europe.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
