MoonPay Expands crypto Services in Jersey with New VASP Registration
MoonPay has achieved a significant milestone by securing registration as a Virtual Asset Service Provider (VASP) in Jersey. This registration, granted by the Jersey Financial Services Commission (JFSC), enables MoonPay to offer crypto on-ramp, off-ramp, and swap services within the jurisdiction.
Jersey, the largest of the Channel Islands, is now part of MoonPay’s expanding list of regulated territories. The company is already authorized to operate in the UK, Australia, Canada, Italy, Ireland, the Netherlands, and several U.S. states. This move underscores MoonPay’s commitment to compliance and it’s mission to broaden crypto access globally.
MoonPay CEO Ivan Soto-Wright highlighted the company’s dedication to working with regulatory bodies. “We are excited to collaborate further and bring our crypto solutions to more users worldwide,” he stated.
The JFSC has been at the forefront of crypto regulation, having approved the world’s first regulated Bitcoin (BTC) investment fund in 2014.VASP registration ensures companies meet anti-money laundering and customer protection standards, crucial for operating in regulated areas.
MoonPay’s presence in Jersey enhances its service capabilities in Europe and internationally. Earlier this year, MoonPay acquired Helio, a Solana-based payment processor, for about $175 million. This acquisition has bolstered MoonPay’s DeFi capabilities, integrating Helio’s technology and expanding its transaction processing capacity.
